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All Forum Posts by: Steven Lee

Steven Lee has started 4 posts and replied 12 times.

Tax, SDIRAs & Cost Segregation

Post: Before going into Real Estate...how does taxes work

Steven LeePosted
  • Madison, WI
  • Posts 12
  • Votes 4

Sorry I should had provided more. Looking to do investment leaning towards flipping. I researched that s-corp would be a better option than LLC but, not too entirely sure how both plays out for this type of investment/business.

I hear many people talk about investing but not much of the taxing side of the story. Examples would be greatly appreciated!

0 Votes
Tax, SDIRAs & Cost Segregation

Post: Before going into Real Estate...how does taxes work

Steven LeePosted
  • Madison, WI
  • Posts 12
  • Votes 4

I am looking into the real estate world and since it is tax session, I just wanted to know how or what is filed. Can someone educate me the basics of how taxes work for short terms or long terms?  

Thanks!

0 Votes