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4 June 2024 | 9 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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4 June 2024 | 5 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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4 June 2024 | 3 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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3 June 2024 | 20 replies
Thanks for jumping into this @Jay Hinrichs- My CPA assures me that by retaining title (not transferring it to the partnership) I can enjoy cap gains on the land profits portion.- All the costs you list are in the $2M.
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4 June 2024 | 23 replies
I'm not a CPA so I don't really know how the rules work though.
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3 June 2024 | 10 replies
Either way you will get a K-1 issued.For the tax issue please refer to CPA...but, my experience is that the passive losses will only offset passive gains.
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2 June 2024 | 5 replies
I am looking for a CPA who has expertise in tax planning for H1B visa holders with real estate investments in rental properties and real estate syndications.
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2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.
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3 June 2024 | 9 replies
But then I wonder if I find a property out of state and form an LLC then I could eventually get away from Ca state tax (more of a cpa question).
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2 June 2024 | 9 replies
You shouldn't have to pay capital gains tax.I would highly recommend you contact CPA To check the accuracy of my statement