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Results (4,010+)
Roberto Vasquez First timer here
10 December 2024 | 5 replies
Totally disregard anything told to you by anyone wanting to sell you a course, mentorship, workshop, system, etc.  
Eric Chappell Has anyone use Rental Hero for bookkeeping?
16 December 2024 | 35 replies
Lenders will often still want to see a personal balance sheet.The problem with a SMLLC that is disregarded for federal income tax purposes is that you may decide to bring on partners or flip to an S Corp a few years down the road. 
Steve K. Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
I'm not into Sub2.In MN when using the SOS "fast-file" online system to form a LLC it states, CLEARLY but often missed by people, Single member LLC's are a disregarded entity and legally held as sole proprietor for all legal purposes.
Ben Sturgill Financial tracking software or spreadsheet
7 December 2024 | 6 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
Kurt Pourbaix CTA - BOI Report and Child LLC's
5 December 2024 | 2 replies
When a child LLC (disregarded entity) is used to hold each property, and all of the tax reporting is done on the tax return of the parent entity, does each  individual child LLC need to file the BOI Report, or only the parent LLC? 
Michael Izbotsky Quit Claim into SMLLC - Need to be Married SMLLC? (Community Property State)
3 December 2024 | 6 replies
Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.
Nishan Akwalia 1031 followed by quit claim deed
29 November 2024 | 5 replies
If you take title to the property as an LLC with you as the only member (and that elects to be taxed as a sole proprietor) then the property will still be reported on your joint tax return and that would be fine.When you sell you can sell as that LLC and buy as the same LLC or another disregarded LLC, or as you, or as you and your wife, or as just your wife.
Joe S. What are your thoughts about Prenuptial agreements?
6 December 2024 | 51 replies
Disregard that. 
Rene Hosman How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.