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  1. C

    Ways to reduce my small business tax burden in USA

    @ftntravis I don’t think that would work. But you can depreciate a portion of your home if you run your business from it.
  2. C

    Ways to reduce my small business tax burden in USA

    @pchevalier https://www.reddit.com/r/smallbusiness/s/HT2o5A4zzP
  3. C

    Ways to reduce my small business tax burden in USA

    @jesusisgood It also allows you to sell either entity independent of the other.
  4. C

    Ways to reduce my small business tax burden in USA

    @jesusisgood A. Helps to keep things clean from an accounting perspective. B. Limits your liability. Someone sues your business, they can’t access the equity in the building. Someone slips out front of your building, they can’t sue the business.
  5. C

    Ways to reduce my small business tax burden in USA

    @jonahua 1031 allows you to roll your capital gains (ie depreciation) into a different building and defer paying the tax due. There are investment firms with specific funds that allow you to buy into another building, similar to a reit. They manage the property and pay you dividends.
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    Ways to reduce my small business tax burden in USA

    @james3404 Or 1031 it into a passive syndication and collect 6-8% on the money.
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    Ways to reduce my small business tax burden in USA

    @amicrazy90 Buy the building you operate out of. Put it in a separate LLC and pay rent to yourself. Depreciate the building and write off the interest.
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