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Investment property turned LLC

In the US, for federal income tax purposes, single-member LLCs are treated as disregarded entities by default, unless the taxpayer elected otherwise. A disregarded entity's activities are fully ...
xuhdev's user avatar
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Investment property turned LLC

In the US, LLCs are disregarded for tax purposes unless you explicitly chose to treat them as a corporation. If you did - then corporate rules apply, here I'll assume you didn't. You cannot deduct ...
littleadv's user avatar
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