I’ve watched so many Youtube movies on this subject. I've seen individuals point out about submitting as s-corps inside an LLC. Discovered about capital positive factors and bizarre charges. I’m going to hunt assist from a CPA for skilled assist as a result of I nonetheless don't perceive something about taxes. As everybody else, I wish to discover methods to attenuate my tax deductions.
I'm at present in escrow on a property to flip it. I’ve about lower than 2 months that escrow goes to shut. Ought to I begin an LLC earlier than the escrow closes? How a lot is it typically to get an LLC began? And the way a lot will I get taxed in California for the revenue I make off the sale of the house?
submitted by /u/alarmedlab18