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Travis Odette
  • Clio, MI
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Rental property income investing

Travis Odette
  • Clio, MI
Posted Jun 21 2020, 09:07

Hi all!!

I think I know the answer is yes, but I want to get some input.

If I profit $10k (or any amount) from rentals and invest all that into the next rental purchase to add to my portfolio, do I pay taxes on that $10k?

Like I said above, I believe the answer is yes, because it is still income. Then I think, well I am investing it into the LLC to build the business, and I get a second guess in the back of my mind that it may be able to be written off as a business expense.

Any advice would help, thanks in advance.

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