Jeff Hutton’s question about the tax differences between C-corp and LLC

Jeff Hutton
Do you think that borrowing money in a C Corp for flippers and longer term investments in an LLC is the way to go?

TOM’S ANSWER – you are asking me a tax question and I am not an accountant, so you would be better to ask your accountant that question.

I can tell you that in my state, I use LLC’s to flip and do long term deals.

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