Updated over 8 years ago on . Most recent reply
Build a garage on own property for your LLC
I currently have 12 units consisting of 8 properties and the amount of inventory/equipment I am maintaining for the properties is starting to stack up. I am flirting with the idea of building a garage at my primary residence to house my remodeling supplies and my pieces of equipment - tractor/lawnmowers/chainsaws etc. This will also be used a small amount for my personal needs for storage. My question is can my LLC pay for this garage on my property and can I depreciate it for my LLC useage?