Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
30 August 2024 | 29 replies
Bonus depreciation is derived from the portion of the property's value with a shorter useful life than the buildings themselves.
Lara Stuart
Help! Trying not to commingle inherited funds within my trust for new LLC doing PML
28 August 2024 | 9 replies
My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1).
Jocelyn Bernstein
After redemption period on a tax lien what paperwork do they issue?
28 August 2024 | 2 replies
Next money is paid into court for the judge to decide how it should be distributed among the people claiming to have redemption rights.
Salvatore Spano
BOI (Beneficial ownership information)
28 August 2024 | 11 replies
The individual’s substantial control over, or economic benefitsfrom, the reporting company are derived solely from theemployment status of the individual as an employee. Yes No3.
Chad C.
How does LLC owner get paid and tax consequence?
27 August 2024 | 7 replies
One is called a Distribution and putting $ in is called a Contribution.
John Prassas
rentlinx going away
28 August 2024 | 14 replies
ConnectLinx.com said we were good to go as long as no changes were required on how they were planning on distributing the leads.
Nicholas Kania
Guidance on Forming a Real Estate Business: Partnership, Tax Strategies, Accounting
27 August 2024 | 11 replies
I have a similar setup, but not for real estate, so it might not be 100% relevant.1) My partner and I set up a Partnership (ill tell you why next). 2) Then each of us set up S-Corporations, which is also owned by our wive's (could be owned by a trust for further protection, but I haven't).The reason we did a Partnership is for two reasons 1) You don't have to abide by the ownership % for your distributions (mostly), and 2) it can be owned by another corporation (S-corp can't).Again, this isn't for real estate, and could change because it's passive versus active income, but with our personal S-Corps, we can set up different strategies that i won't get into here.Feel free to reach out and I can introduce you to him.
Kannan Iyer
ATM syndication monthly distribution
22 August 2024 | 1 reply
Has there been anyone who invested in monthly distribution ATM syndication and have not received distributions for the past several months?
Shivam Patel
Need assistance with 1031 Exchange in NJ
26 August 2024 | 4 replies
@Shivam Patel, Contributions into and distributions from an LLC are not normally taxable events.
Jasmine Inabinet
Rental property's income at least 1% of the purchase price.
25 August 2024 | 1 reply
Site location is 15 minutes commute.Tesla’s first major investment in South Carolina, opening Distribution Facility; from Whitmire the site location is 30 minutes commute towards Greenville.Above average National Blue Ribbon Public Schools.