360: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
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Having a Separate Bank Account for Separate Series Liability Protection
If you want liability treatment to be separate, if a lawsuit happens in one series, you've got to do all the stuff separate. The bank doesn't care that the mortgageis coming from an l o c bank account versus a pers account. You can have three different bank accounts paying these three different mortgages. For tax purposes, does it matter? No. I you can expend ougingto write these off anyways.
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