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Updated almost 9 years ago on . presented by

User Stats

60
Posts
6
Votes
Jeff Lubeski
  • Investor
  • Hartland, MI
6
Votes |
60
Posts

Investing in a Single Member LLC for Fix & Flip

Jeff Lubeski
  • Investor
  • Hartland, MI
Posted

House to be fixed and sold is held under an LLC that I have no ownership in. I invest money toward the purchase and rehab of this house utilizing a Joint Venture Operating Agreement. How would the earnings be taxed: business income paying self-employment tax (I think reported on 1099 MISC) or short term capital gains (I think reported on a 1099 DIV or INT)?

  • Jeff Lubeski