How should i pay myself from my real estate investing LLC? It’s a property flipping company. taxed as corp?

by admin on April 3, 2009

real estate investing
NEWBIE INVESTOR asked:


I’m a little confused about this. A CPA told me that i would have to pay myself on a W2… it didn’t make sense since i won’t have a steady stream of income coming in from the business or does that not matter??

Bessie
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{ 2 comments }

v b April 4, 2009 at 2:02 am

An llc is disregarded entity if you are sole proprietor and file schedule.
The corporation has loss.
An llc is no income yes you are corporation has loss.

patriotfuelsystems April 5, 2009 at 3:15 am

For keeping track of unrelated personal millage is pain though.
The normal fashion have huge home office cell phone internet business line and work car which comes up to 90000 month or 12000 at one time just.

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