Thursday, 24 May 2012

Your Questions About Business Investing Real Estate

George asks…How should i pay myself from my real estate investing LLC? It's a property flipping company... taxed as corp?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??Launch Review answers:Talk to your CPA again.

An LLC is a disregarded entity. If you did not incorporate and you did not file a form 2553 or 8832, you are a sole

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