asked

My wife and I own an LLC taxed as a partnership in Florida. We want to know how to set ourselves up to repair and improve our first investment property, which is currently under our personal names. We also want to understand if we can hire ourselves through the LLC for these repairs and improvements, and if we can collect rent through the LLC. Additionally, we want to know if we can deduct the cost of materials like paint for repairs on our personal investment property.

May 7th, 2024

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