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Updated over 13 years ago on . Most recent reply presented by

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Zubair Khan
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  • Member since Dec 7, 2011
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  • Lorton, VA
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Tax, SDIRAs & Cost Segregation

method of payment

Zubair Khan
  • Lorton, VA
Posted

Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
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ModeratorReplied

Actually, having an LLC or not doesn't affect these deductions. An LLC is a pass through entity for taxes, unless you elect to be taxed as a S or C corporation. But you're correct, Sherry, that you can deduct the expenses you incur in running your business.

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