For those who use LLC’s to hold and run operations it would be nice to have a way for LLC expense to be organized. For example the LLC has general expense like corporate filings, cell phone, attorney and cpa fees, possible salaries, etc. All of those expenses don’t apply to any one property but are needed to run the business.
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Agreed, such as a storage unit and vehicle expenses.
Most folks set up each LLC as a portfolio on Stessa. If you do this, you can expense the transaction to the portfolio instead of the individual properties. Note that you’ll (most likely) need to assign them or split them between properties for tax purposes (LLC expenses are not shown on Schedule U). Not tax advise.
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