Quick search links

Find an Agent Find a Lender Hard Money Lenders Podcast Books Columbus

Pick Markets

Market Finder PRO Picking a Market Workshop PRO Picking a Market Worksheet Top 100 Cash Flow Markets Market Insights - Sunbelt Region

Market finder

Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent-to-price ratio, and more.

Pick Markets

Pro membership

Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence!

Upgrade to Pro

Back

Calculators

Rental Property Calculator PRO Rehab Estimator PRO Rent Estimator PRO BRRRR PRO Fix & Flip PRO Short-Term Rental PRO Sell vs. Keep PRO Landlord Insurance Calculator by Steadily All Calculators

Rental property calculator

Is it a good deal? Run your numbers like a pro with this simple yet powerful calculator.

Run the Numbers

Rent estimator

Understand how much rental income you can expect based on recent reports and data for your specific property.

Run Report

Back

Plans & Pricing

Pro Membership Business Membership

Try PRO for 7 days completly free

Avoid mistakes and make informed decisions with Pro.

Start Free Trial

Grow your business

Promote your business on BiggerPockets and make quality connections with the right investors.

Sign Up Now

Back

All Books

Best Sellers Browse All New Books & Pre-Orders Bundle & Save Books for Beginners

Unlock hidden potential in every property and maximize returns

This is your creative breakthrough guide to escaping investment paralysis and unlocking hidden profit in any market.

Get Your Copy

Black Friday / Cyber Monday Deals

Up to 60% off all books. Take advantage of the best sale of the year!

Shop the Sale

Followed Discussions Followed Categories Followed People Followed Locations

Tax, SDIRAs & Cost Segregation

Market News & Data

Market Trends & Data

Buying & Selling Real Estate

Out of State Investing

Real Estate News & Current Events

Real Estate Technology

Investor Mindset

General Info

General Real Estate Investing

BiggerPockets Exclusive PRO Area

PRO

BPCON

New Member Introductions

Questions About BiggerPockets & Official Site Announcements

Off Topic

Starting Out

Real Estate Success Stories

Real Estate Horror Stories

Real Estate Strategies

House Hacking

Commercial Real Estate Investing

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Innovative Strategies

Mobile Home Park Investing

Land & New Construction

Multi-Family and Apartment Investing

Wholesaling

Rehabbing & House Flipping

Short-Term & Vacation Rental Discussions presented by

Tax Liens & Mortgage Notes

Medium-Term Rentals

Buying & Selling Small Businesses

Outdoor Hospitality

Landlording & Rental Properties

General Landlording & Rental Properties

Managing Your Property

Marketing Your Property

Tenant Screening

First-Time Home Buyer

Real Estate Professionals

Mortgage Brokers & Lenders

Contractors

Real Estate Agent

Financial, Tax, & Legal

Personal Finance

Creative Real Estate Financing presented by

Insurance

Private Lending & Conventional Mortgage Advice

Tax, SDIRAs & Cost Segregation presented by

Foreclosures

1031 Exchanges presented by

Goals, Business Plans & Entities

Legal & Legislation

Real Estate Classifieds

Classifieds

Real Estate Events & Meetups

Reviews & Feedback

Ask About A Real Estate Company

Real Estate Deal Analysis & Advice

Guru, Book, & Course Reviews

Syndications & Passive Real Estate Investing

Updated about 4 years ago on 11/08/2021. Most recent reply presented by

23
Posts: 6
Votes

Josh CorbyPoster

New to Real Estate
Jacksonville, FL

Tax, SDIRAs & Cost Segregation

Single-Member LLC Draws

Josh CorbyPoster

New to Real Estate
Jacksonville, FL

Posted November 07, 2021 20:36

Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.

0 Votes

Follow

Share

4 Replies

Jump to Last Reply

Log In or Sign Up to Reply

Most Popular Reply

4,466
Posts: 3,392
Votes

Ashish Acharya

#2 Tax, SDIRAs & Cost Segregation Contributor

CPA, CFP®, PFS
Florida

Ashish Acharya

#2 Tax, SDIRAs & Cost Segregation Contributor

CPA, CFP®, PFS
Florida

Replied November 07, 2021 20:41

Originally posted by @Josh Corby:

Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.

Yes, you get taxed when you earn, not when you distribute. So, even if you do not take out the money you earned in your LLC's account, you will pay taxes.