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re: Creating an LLC for beach condo

Posted on 5/9/24 at 6:28 am to
Posted by OceanMan
Member since Mar 2010
20060 posts
Posted on 5/9/24 at 6:28 am to
Louisiana LLC is fine.

Personal use taxation kind of sucks for seasonal real estate. Never visit unless you can document you have done maintenance.
Posted by OTIS2
NoLA
Member since Jul 2008
50273 posts
Posted on 5/9/24 at 8:01 am to
I dust the blinds and the wife buys shite at Target and Lowe’s…we write off EVERYTHING on the trips.
Posted by Sunnyvale
Member since Feb 2024
21 posts
Posted on 5/10/24 at 7:27 am to
I got a loan out in my name for real estate. Still trying to figure out how it structure for tax gains into a llc. Anyone have any advice. Plan was to make an appointment with a tax attorney.
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