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All Forum Posts by: Mia D Hines

Mia D Hines has started 0 posts and replied 1 times.

Closing on a loan assumption any day now in Whitestown, Indiana. Turning my primary in Plainfield, IN into rental property. Cash flow not a priority as much as tax advantage and reducing my active W2 income. The current tenant is my 80yro mom. She keeps my house which is really “her" house emaculate. I'm not planning to put in LLC at this time bc it's mom! This is my only rental.


My question is what if anything do I need to do other than let my CPA know when I close. Any expense tracking you would recommend so I can be prepared tax time next year?