Q for my friend.. she’s newish to flipping her own houses and is a contractor. She bought an investment property and is going to do the work on the house. Is it better to pay herself a salary during the work from the investment LLC to herself as the contractor, or just work for “free”? Either way the money is coming out of her own business.. just wondering for tax purposes

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Posting as :
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If she pays herself then the LLc can deduct it as a business expense, but then she would have to pay personal income tax on it. There’s a certain point based on her income and the income of the LLC where it makes sense to do so (ie saves money on taxes overall). She should figure out what that is.

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She could look at organizing as an S Corp and just taking a salary.

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Thanks y’all! Will pass along

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