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All Forum Posts by: Yas Tahir

Yas Tahir has started 5 posts and replied 12 times.

Post: Is passive rental income subject to Self Employment Tax

Yas TahirPosted
  • Investor
  • Houston, TX
  • Posts 12
  • Votes 1

No, we rent for a minimum of 1 year, although they usually stay longer.  Any CPA recommendation experienced in real estate in Houston, TX?

Post: Is passive rental income subject to Self Employment Tax

Yas TahirPosted
  • Investor
  • Houston, TX
  • Posts 12
  • Votes 1

I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is this correct? I will also start flipping and I am aware that that will be subject to capital gains. My questions:

1. Is rental income subject to SE tax?

2. Is capital gains also subject to SE tax?