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21 February 2016 | 12 replies
We can sell it on the secondary market as a FNMA loan using FNMA forms/guidelines and 100% disregarding our own forms/guidelines, even if our underwriters don't like being out of their comfort zone, which is why the yelling works.
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22 October 2023 | 8 replies
I’ve had three properties, with two separate disregarded LLC’s, roll to two properties using a completely different, disregarded, LLC.
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18 July 2023 | 5 replies
For tax purposes, a single member LLC is disregarded, so there are no tax advantages by using that type of entity vs running a business under your own name without an LLC.
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9 July 2023 | 6 replies
I assumed that you and your spouse own the property together and you file income taxes jointly, and that the LLC is a disregarded entity (essentially, the IRS sees a “disregarded entity” as not separate from its owner(s) for tax purposes, even though it might be legally separate from the owner(s).
20 October 2023 | 3 replies
Hello - I did a 1031 exchange of my single family rental property (the Title was under my personal name) to a multi-family property a couple of years ago and the multi-family property was Titled under a single member LLC (disregarded entity) where my spouse and I are the only members (and hence the P&L would come under our personal tax return) but now we would like to move it under a new partnership LLC which is partly owned by us with the goal of asset protection, reducing liability and consolidation.
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27 October 2023 | 5 replies
I am a Philadelphia investor, and need to add my LLC as a disregarded entity to my tax ID.
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28 February 2022 | 13 replies
@Michael Terry if you are the only member of the LLC then it is a "Disregarded Entity" in the IRS' eyes. in other words any income to the LLC is considered your own income.
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8 March 2020 | 8 replies
It all still gets reported on your own tax return since it would be a disregarded entity.
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13 October 2023 | 8 replies
If you look and act way beyond your age then disregard what I just said.
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20 February 2020 | 12 replies
He is not one to disregard on this site.