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135
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47
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Alon A.
  • Investor
47
Votes |
135
Posts

Tax for property purchases

Alon A.
  • Investor
Posted

Hey

I live in California, i'm investing in Dallas, TX - im planning to buy Single Family Home properties

I have my own S corp company here in CA and i opened LLC for investments

i didnt stared yet and i didnt bought my first property.

From tax perspective, its helping me in any way of having investments in Real Estate (even if its not commercial)? 

I heard that only for commercial you get tax deductible.. can you explain

Lets say i remodel and have 50K to pay to contractor, this payments will go of course will go from my S Corp, end of year we need work on taxes,, its deductible ?

Im asking because i dont have any knowledge with how its affect on taxes. 

Thank you !!

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