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All Forum Posts by: Matthew Fletcher

Matthew Fletcher has started 1 posts and replied 2 times.

Post: Real Estate LLC Income And FICA

Matthew FletcherPosted
  • Hickory, NC
  • Posts 2
  • Votes 0

Yes, I understand that part. But you are strictly referring to ordinary income. I'm trying to get a grasp on the world of self-employment taxes/FICA/SECA and specifically if I would be affected in this real estate situation.

Can I completely avoid these taxes with no employees/managers, and just run the real estate business (passive income) with the members themselves? Thanks in advance.

MF

Post: Real Estate LLC Income And FICA

Matthew FletcherPosted
  • Hickory, NC
  • Posts 2
  • Votes 0

Hello,

I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fica Taxes Altogether, Or Will We Need To To Characterize Some Of The Incomes As Wages? Thanks In Advance.

MF