Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply
What kind business category tax code for this?
Hi
I'm new Can anyone help me ? I'm borrow performance note and tax certificates.
I put all in LLc company . What is category registered for tax ? Do I need license? I'm using Fci services
Most Popular Reply
Bill Gulley
#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
- 12,876
- Votes |
- 21,918
- Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
If most of you LLC business income is from dealing in notes, yes you need a license, could need several types too. See your attorney. Look in financial services 6199, it depends on what you do. Be careful selecting codes as your business will be viewed on par with others, any large differences can trigger audits. See your accountant. :)