Drake Backman
Newbie trying to learn the ropes
26 January 2025 | 3 replies
@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.
Kenneth Joseph Perfido
Creating LLC in a new state
29 January 2025 | 2 replies
However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.
Niklas Zhu
Cost segregation recapture on a teardown property
31 January 2025 | 3 replies
My question is do I have to recapture all the depreciation for tax in 2025?
Luisa Morejon
What to do with the proceeds of the sale of my home?
1 February 2025 | 23 replies
Just a heads up this will not be tax free, it will be a pro-rated exclusion.
Nirek Rao
Attorney specializing in immigration + business + tax laws
1 January 2025 | 1 reply
To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws.
Rene Hosman
Have you ever moved your HSA to get better investment options?
31 January 2025 | 12 replies
The contributions are lower so it takes a while to build, but once you do, it's tax-free investing.
Will F.
LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)
2 February 2025 | 2 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
If you do place the property in her name, you've got a Gift Tax (Form 709) to complete.
Frank Flores
New Aspiring Investor
2 February 2025 | 7 replies
@Frank FloresInvesting in delinquent tax sales in Houston can be profitable, but it comes with risks.
Jake Handler
Seller Finance Payment Method
2 February 2025 | 2 replies
I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide.