Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

8
Posts
0
Votes
Will H.
  • Investor
  • Greenville, SC
0
Votes |
8
Posts

First year flipping homes as LLC partnership

Will H.
  • Investor
  • Greenville, SC
Posted

I am 50% owner of an LLC. We have purchased a pair of single family homes and spent money renovating them but have yet to generate any income (or profit). Thoughts on how to best handle taxes? Want to carry forward expenses (cost basis in 2019?) or write off vs K1 income from other partnership...

I'm debating on doing these myself (software) vs using a CPA... thoughts?

Loading replies...