Updated almost 7 years ago on .
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Distributions from business account
I have rental income that is being deposited to my personal bank account. After establishing legal entities, I have created a business bank account and planning to divert all my rental income to new business account including from newly established single family rental LLCs formed under DST. My question is that can I use my online business account to transfer rental income to my personal account without any tax or legal implications. I am planning to use this rental income money to start paying off my personal heloc balance that I used to finance 20% down payment for all my investment properties and eventually use heloc again to buy new rental properties