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Updated over 5 years ago, 08/28/2019
Flip in personal name or LLC to take advantage of expenses?
We are looking at a live-in flip and want to make sure we're able to write off all the improvement expenses when we sell it. Is it best to have the property in an LLC or our personal names? I wasn't sure if we'd be able to deduct all the improvement expenses from our profits if it's in our own names-