Legitimate Use of Business Credit Card
1 Reply
Neal Larkins
from El Paso, Texas
posted 7 days ago
Hello! I will soon be moving back into a property that I have been renting out for two years. I will live in the property for about two years before renting it out again. Would I still be able to use my business credit card for purchases made on the property (such as appliances, improvements, etc) while living in it? Thanks for your insight!
Bjorn Ahlblad
Investor from Shelton, WA
replied 7 days ago
@Neal Larkins The IRS would be really hard on you if they prosecuted. It would be much better financially to put off any expenditures until you have a tenant again.