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2 September 2024 | 7 replies
If you refinance the property into your personal name instead of keeping it in your LLC, it shouldn't trigger a taxable event for the 1031 exchange itself, especially since your LLC is a single-member LLC and is treated as a disregarded entity for tax purposes.
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31 August 2024 | 5 replies
So it is a disregarded entity where the tax should flow to my 401k.When I try to open a business account with Fidelity, I filled their form to explain that the owner is my 401k and the manager is me.
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29 August 2024 | 6 replies
The SMLLC was treated as a disregarded entity for tax purposes (married filing jointly).
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29 August 2024 | 23 replies
I am interested from hearing from everyone that has a single-member LLC (SMLLC) that is a disregarded entity is generally reported on the owner’s Form 1040, Airbnb, flipping, wholesaling, to complex 1065 filers under subchapter K. 2.Accounting Costs: How much are you paying for ongoing accounting services?
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29 August 2024 | 6 replies
But make the lease arms length.And if liability protection is an issue then she could sell as herself and buy as a "disregarded entity" LLC.
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27 August 2024 | 7 replies
Since the LLC is a disregard entity, do I need to report anything for this check/draw?
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26 August 2024 | 4 replies
You can easily accomplish this with disregarded entity LLCs either before your sale or after your purchase.
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27 August 2024 | 8 replies
Nope. 99% of LLC’s ar “disregarded” and have tax impact. 1% file their own taxes and cause you to pay higher tax totals.
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27 August 2024 | 11 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
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23 August 2024 | 1 reply
Not disregarding wholesalers at all (I truly appreciate them and think they have a place in the market) but I feel yucky simply saying sell me your house for penny's on the dollar which is the primary reason for including the other options listed above.