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26 November 2019 | 5 replies
I think you should put your focus on a CPA that specializes in real estate taxation over geographic location.
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7 November 2019 | 8 replies
I can't see it passing an audit without triggering some sort of gift tax at least.
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4 November 2019 | 8 replies
Your comment on taxation of a flip is accurate with the exception of the under 12 months part.
2 June 2020 | 8 replies
Depending on the type of corporation, for C Corps, there is double taxation, you're taxed first as a corporation, or a corporate level, then the profits taxed again as an individuals.2.
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7 November 2019 | 4 replies
A few have made niches out of outbound international taxation and passthrough taxation (Partnerships & S Corps).
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11 January 2021 | 20 replies
Also, all my LLC’s are taxed like S Corps which prevents the double taxation.
25 May 2021 | 19 replies
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on the stock market.As I think forward to retirement, I've read several articles about taxation and the goal of keeping taxable income low enough to avoid paying taxes on up to 85% of your Social Security.
13 November 2019 | 2 replies
If you are comfortable working with your CPA remotely there are 20+ accountants on this site that specialize in real estate taxation.
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20 January 2019 | 8 replies
(And draw a 'salary', although doing this with rental property is almost always a mistake.)By convention, if an SMLLC elects S-Corp taxation we don't refer to it as an SMLLC any longer, but technically it still is.
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24 January 2019 | 5 replies
I already file taxes in Japan and the US, and can get through the taxation on different properties and different depreciation schedules, but wondering if people have any thoughts on the best path forward.