Posted 12/28/2010 12:10 (#1511154) Subject: Tax deduction question: house for employee
There is a house that borders our farm that is for sale. I would like to buy this house and use it for compensation to an employee. I have the farm set-up as an LLC (partnership). What is the best way to do this for tax purposes? The farm will be paying the purchase price as well as taxes and upkeep.