Post a new topic
    1 Reply Latest reply on Jan 28, 2019 7:31 AM by moderator_ani

    splitting tax burden between companies

    ascaff Adventurer

      so we have a finished rental that needs some rear exterior work in one llc1 and another property that needs a full renovation in another llc2. both no debt. so we want to bring on a partner in the first llc1 to help finance the rear exterior work & full reno. work . Can llc1 pay its % of the loan from llc1 acct since loan is for work on rental & collateralized by rental - operating cost/repair? or total loan payment still considered a deduction - full loan payment from llc would be viewed as payments to the guarantor partner...?