373: Open Forum LIVE- Charitable Remainder Trust, 401k and the IRA, S-Corp vs LLC and MORE!
Main Street Business
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How Do You Pay Yourself in an Llc?
Mc coy says, you recommend on your blog not to recreate an escort and pay yourself a salary to manage your property. Matt says it's possible or ok, in his book. The general rule is don't do it. Unless you're trying to do the side door solo k method r where we set up an s corporation so that you can have ordinary income. You'll get a w two, four. Now, nine times out of ten, scott over here is not going to have any taxable income,. cause it's a rental property operation with depreciation and all those rigt offs are going to be a tax free distribution. What's taxable is what's left over after rent and
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