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Updated about 3 years ago on . Most recent reply presented by

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48
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13
Votes
Christopher Oliva
  • Texas
13
Votes |
48
Posts

Can I claim expenses on a property owned under an LLC?

Christopher Oliva
  • Texas
Posted

If I own an STR under an LLC and use funds from my personal bank account on that property for things such as repairs, furniture, etc., can those expenses still be claimed on my taxes?

Or would the bank account that is used need to be listed in the name of the LLC for those expenses to be able to be claimed on taxes?

Also, feel free to DM me any good recommendations for a CPA in Texas. I have someone I've used for a few years but they don't specialize in REI tax situations/planning, so I think it's time for me to look at other options.

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