Jagjit Singh
Question: Tax Implications for a Canadian investing in US multifamily real estate?
28 September 2024 | 4 replies
I would also like to know what effect business structures have on taxation (LLC/ LLP/ LP).
Alex Capozzolo
Vacant Land Palooza ~ New Construction Costs Philadelphia
1 October 2024 | 29 replies
If you do not sell all units you can benefit from the capital gains tax. At
Carol Bahou
self directed IRA to invest in real estate
30 September 2024 | 21 replies
Doing this would likely render your SDIRA invalid and could cause all kinds of trouble like taxation/penalties etc.
Ahmed Hafez
Canadian Real Estate Investors
28 September 2024 | 12 replies
If a foreign investor is in the U.S. frequently or for extended periods, they could meet the criteria for this test and potentially face U.S. taxation on their worldwide income.
Masyn Grant Barney
Beneficial Ownership Information Reporting - Will They Enforce The Fines??
25 September 2024 | 1 reply
Yes I believe so,As the US cycle of austerity begins to show up in the economy, we’ll see (as we do now) policies that’ll not only increase taxes but apply “taxation by other means”.
Daniel Loane
Filing taxes: when to expense vs capitalize for vacant rental property
27 September 2024 | 9 replies
I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Alex Silang
LLC registered in STR state or home state?
27 September 2024 | 13 replies
I imagine this has something to do with taxation, so I would advise a CPA.
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
Plus, it simplifies the process of adding partners for future projects and helps keep your finances organized.As for BRRR, you can also deduct expenses and LLC income is reported on the owner's personal tax return, avoiding double taxation that corporations face.
Patrick Shep
End of year tax strategies?
25 September 2024 | 7 replies
I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Isaiah Cortez
Need Advice on LLC Setup & Tax Strategy for Real Estate Investments
24 September 2024 | 11 replies
This setup will lead to higher tax prep fees and if you refinance these properties the IRS will consider this selling the property and you will have pay taxes at the end of the year on a property you didn't actually sell.I recommend finding an accountant who specializes in real estate taxation and tax planning and set up a paid consultation before you do anything.