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Updated over 1 year ago on . Most recent reply
How to pay myself
My dad and I are going to be purchasing a rental property soon under the LLC which he owns. What would be the best way for him to distribute my income to me. I want to be legal and also take advantages of the tax benefits if able. I've heard of possibly having him pay me dividends which can be tax deductible for him/ tax free income for me. Looking for ideas. Thanks!
Most Popular Reply
CPA it is! Definitely don't want to get audited or anything of that nature.
Thank you all for your comments