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Nick G.'s profile image
Nick G.'s profile image
Nick G.
  • Realtor
  • from Sarasota FL
  • Member since Feb 28, 2013
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Nick G.'s profile image
Nick G.'s profile image
Nick G.
  • Realtor
  • from Sarasota FL
  • Member since Feb 28, 2013
Connect
Nick G.
  • Realtor
  • Sarasota FL
44
Votes |
239
Posts
Tax, SDIRAs & Cost Segregation

Section 179 and business structure

Nick G.
  • Realtor
  • Sarasota 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?

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