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Updated over 1 year ago on . Most recent reply
Question/Guidance regarding LLC
Hello,
We have done a lot of remodeling/updates to our existing property that we are about to start renting (furnace, ac, kitchen etc..). We are wondering if we can right that off for our tax return next year without having an LLC or do we have to create an LLC and put all the expenses under it even though they already been done and we didn't have an LLC at the time when we made updates?
Open to suggestions
We have done a lot of remodeling/updates to our existing property that we are about to start renting (furnace, ac, kitchen etc..). We are wondering if we can right that off for our tax return next year without having an LLC or do we have to create an LLC and put all the expenses under it even though they already been done and we didn't have an LLC at the time when we made updates?
Open to suggestions