Hello, I'm currently completing Flip that I did by selling the llc that holds the property. During the period ...
Peace,
I'm currently completing Flip that I did by selling the llc that holds the property. During the period (which was entirely 2019) I also received rental income.
Are there any tax issues that I should take into account during such a course? Unlike the direct sale of the property?
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
What are the advantages in selling the LLc that holds the asset, rather than selling the property itself?
Additionally
I guess the sale is not to a homeowner who gets a mortgage from the bank, am I wrong?