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.
Henry Clark
Self Storage- Making an offer on land
24 September 2024 | 27 replies
Need to put a cover crop on or it can go from Ag land to Commercial taxation.
Joe Si
Early retirement asset allocation
19 September 2024 | 8 replies
I recommend finding a financial planner who specializes in real estate taxation, tax planning and financial planning.You may want to consider working with your financial planner remotely to expand your options.I would also recommend looking for a financial planner willing to work with you throughout the year.
Davin Pauline
CPA or financial advisor for tax advise and which house to pay off sooner
16 September 2024 | 12 replies
@Davin PaulineI recommend finding an accountant/financial planner who specializes in real estate taxation, tax planning and financial 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.
Marijuana (MP) Vandyck
Can anyone confirm is capital gains taxes will be waived in SDIRA Property Divorce?
16 September 2024 | 8 replies
If this is done as part of the divorce settlement, the transfer can potentially be treated similarly to other IRA transfers in a divorce, avoiding immediate taxation.
Saleh Riazi
My Experience Investing in Columbus OH.
15 September 2024 | 31 replies
The tax on the property was less than $800 but I did my underwriting using the asking price which placed the tax at $1700.
Quan Dao
Forming LLC & Deed question
12 September 2024 | 7 replies
@Quan DaoHere is an article on taxation of an LLC in your case.
Marc Shin
Accountant that specializes in STR taxes?
12 September 2024 | 12 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.
David Tran
Hero program is a scam and fraud
15 September 2024 | 22 replies
What happened to no taxation without representation.
Peter Aziz
Big Bear Short Term Rental Market
10 September 2024 | 10 replies
Additional fees may apply depending on the number of days the property is rented.Personal Property Tax: Starting in 2024, California requires some STR owners to report the value of personal property used in the rental (such as furnishings) for taxation purposes.Potential 15% Statewide STR Tax: A new bill (SB 584) may introduce an additional 15% state tax on STRs starting in 2025, on top of local TOT, aimed at addressing California’s housing affordability crisis(