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| 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? |
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| 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 |