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Updated over 8 years ago on . Most recent reply presented by

Paul Winka's profile image
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Paul Winka
  • Rental Property Investor
  • from St Louis, MO
  • Member since Dec 26, 2010
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Paul Winka's profile image
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Paul Winka
  • Rental Property Investor
  • from St Louis, MO
  • Member since Dec 26, 2010
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Paul Winka
  • Rental Property Investor
  • St Louis, MO
72
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317
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Tax, SDIRAs & Cost Segregation

Renting from your own LLC?

Paul Winka
  • Rental Property Investor
  • St Louis, MO
Posted

Is it possible to do this? I am trying to think of a creative way to put a property "in service" to be able to claim schedule E deductions. Yes, yes, there is a back story to this. 

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Matthew Kreitzer's profile image
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Matthew Kreitzer
  • Attorney
  • from Winchester, Virginia
  • Member since Aug 15, 2015
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Matthew Kreitzer
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  • from Winchester, Virginia
  • Member since Aug 15, 2015
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Matthew Kreitzer
  • Attorney
  • Winchester, VA
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Matthew Kreitzer
  • Attorney
  • Winchester, VA
Replied

You may run into some issues down the line if there is some lawsuit involving premises liability and a savvy attorney tries to pierce the corporate veil. I would discuss completely with a local attorney the ins-and-outs of record keeping prior to embarking on this endeavor. 

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