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Updated almost 10 years ago on . presented by

Nick G.'s profile image
Nick G.'s profile image
Nick G.
  • Lender
  • from NY / FL
  • Member since Feb 28, 2013

User Stats

240
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44
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Nick G.'s profile image
Nick G.'s profile image
Nick G.
  • Lender
  • from NY / FL
  • Member since Feb 28, 2013
Nick G.
  • Lender
  • NY / FL
44
Votes |
240
Posts
Tax, SDIRAs & Cost Segregation

Section 179 and business structure

Nick G.
  • Lender
  • NY / FL
Posted

Hi everyone,

Can anyone share their experience using the section 179 deductions with a flipping business? 

If you were to flip a house in an LLC as a sole proprietor, turn a profit, and had purchased a vehicle in the LLC claiming the 179 deduction would it offset your profits on the flip?

  • Nick G.
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