I recommend finding an accountant who specializes in real estate taxation over one that is local.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

My fav book was Hold: How to Find, Buy, and Rent Houses for Wealth (Millionaire Real Estate): Chader, Steve, Doty, Jennice, McKissack, Jim, McKissack, Linda, Papasan, Jay, Keller, Gary: 9780071797047: Amazon.com: Books Each province has its own laws which is the main difference you'll probably encounter along with foreign investment taxation but has to be researched individually.

You mention wanting an Airbnb outside of WA.You likely want to work with an accountant who is family with STR taxation along with multi-state taxation.Good luck in your search for a CPA.Furthermore, the state you live in WA, has no state income tax, so you are free to look for a CPA anywhere in the country.There are a couple of CPA's on the message board. feel free to reach out to a couple and pick one that you feel connected with.

Could taxation be split between capital gains and ordinary income based on the time we've held either the land or the finished houses?

Stuart, I recommend finding an accountant who specializes in real estate taxation over one that is local.

Does anyone know how the taxation for the LLC would be?

Logan, I recommend finding an accountant who specializes in real estate taxation over one that is local.

That would put your principal, interest, and tax at $690.70.Now the type of loan you are going to use will get you to that price.

It is not necessarily capital gain, because taxation of a business sale is complicated and has various types of taxable income involved.- from February to December, Joe works as a Realtor and makes $100k taxable income after expenses.