Guys
Thank you for putting on such an interesting podcast. I just love strategy and numbers. Mainly not paying the government more then people should.
The question
I have a property that the land is in a single tax corporation. I technically rent the property each year in perpetuity.
I am building a house on it and wanted to know if the irs allowes me to rent the house from my llc? Thus being able to do a cost segregation and taking the exceled depreciation?
Not sure if this makes sense tax wise but I flip houses and generate income that I would like off set.
Thanks again