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Tax, SDIRAs & Cost Segregation

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Joshua Myers
Pro Member
  • Rental Property Investor
  • Columbus, OH
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144
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Renting from an LLC where I am a member

Joshua Myers
Pro Member
  • Rental Property Investor
  • Columbus, OH
Posted Feb 1 2016, 17:40

I am one of three members in an LLC that invests in rehabs, flips, and rental holds. Can I rent a unit from the LLC when I'm a member? I know that the IRS gets picky about using single member LLC's to avoid taxes. If I pay fair market rent, and the unit makes a profit for the company, I'm thinking that they should' care.

I'd appreciate any thoughts/advice......

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