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This won't be much help but you can save parameters in RL. Not sure on colors. IIRC, there's a drop down on the initial page where you select your saved settings.
We came pretty close to that happening. The lease didn't go up but the property sold. Luckily, the guy who owned the property that we ended up buying kept hounding us to rent his building and he came in at the right time. If things didn't align like they did, I probably would have shut it...
I'm sorry, I must have missed the part where you admitted you were wrong about there being a tax advantage to owning a property in one LLC and leasing it to yourself in another.
I never said sales tax was definite - which is why I said may. Yes, each state is different.
As far as having ghost...
A personal home is a different situation because personal home expenses are not write offs. If you run it through a business then it would be which is what you are doing. As far as purchasing commercial property, it wouldn't matter which LLC owned the property, the actual business or a holding...
I must have missed the part where you came after me. Straight from the IRS, land is not depreciable. Children are not exempt from withholding.
They fall under the same labor restrictions as any other employee. Paying kids who don't work to avoid taxes would likely be considered tax evasion...
If you take $1000 from your Right Hand LLC thats an expense, when you put it in your Left Hand LLC it's income. It's a wash. An LLC is passthrough. Like I said accounting is like physics.
You don't need a second LLC to depreciate or write of maintenance expenses. It makes zero difference if...
Ok so first off, you have no clue on how bookkeeping and accounting works.
1. You've obviously never been audited.
2. You obviously don't carry workers comp if you have kids on your payroll.
3. You don't understand the difference between a P&L vs a Balance Sheet
4. You have a shady accountant...
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