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28 January 2025 | 6 replies
Any advice on what setup is easiest and most tax advantaged?
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13 January 2025 | 5 replies
From there it's running a schedule and taking responsibility for my actions.
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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28 January 2025 | 11 replies
Yes, do the tax exchange if you can.
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27 January 2025 | 6 replies
Consult your local CPA to calculate accurately and minimize your tax liability.
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26 January 2025 | 28 replies
@David Hyman we recently started this group - will be scheduling the next meetup in the coming dayshttps://www.meetup.com/long-is...
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11 February 2025 | 3 replies
You would have had to be there for at least that to save on the capital gains taxes (up to 250k).
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2 February 2025 | 15 replies
He scheduled maintenance and did quality control on cleans.
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7 February 2025 | 11 replies
Can you either rent out your current property if there’s been little/no appreciation, or sell it tax free?
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1 February 2025 | 51 replies
Sell, get the tax savings while you can.