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Updated over 6 years ago on . Most recent reply presented by

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Art Maydan
  • Chicago, IL
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Being Paid Through LLC vs. Personal

Art Maydan
  • Chicago, IL
Posted

In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the houses we rehab. Much appreciated.

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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

@Matt Chodosh

Whether he runs it through the LLC or not has no effect on his eligibility for QBID...

@Art Maydan

You'll want to run everything by your tax CPA/EA who knows your facts and circumstances and can properly advise you.

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