Home Newsletter Resources

Go Back   Small Business Forum > Small Business Management > Accounting and Taxes
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 01-06-2008, 11:33 PM
RScott RScott is offline
Junior Member
 
Join Date: Jan 2008
Posts: 1
Assets and a LLC

Can I hold assets in my personal name, depreciate them on a schedule C in my personal name, and lease them to my LLC? Would that be advantageous?

To keep from showing a loss on the schedule C, I would have to lease them to my LLC for the same amount, or more, than the depreciation amount.

Any thoughts? Anyone else doing this?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 01-15-2008, 07:14 AM
Boston Boston is offline
Senior Member
 
Join Date: Sep 2006
Posts: 116
Re: Assets and a LLC

The short answer honestly is that I do not know, however, unless you are talking about a lot of money you will likely be paying more for your accountant to figure it out than any tax break you will get on it
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -4. The time now is 02:24 AM.


Powered by vBulletin Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 RC5
smallbusinessforum.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29