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18 April 2018 | 5 replies
Depending on which state you live in, you may need a real estate license if you get paid to do any of the following activities: Advertise the availability of rental propertyPrepare or discuss a property management agreement with an ownerNegotiate leases or lease termsShow a rental propertyDrive or accompany a potential renter to a rental propertyCollect rentsAs always, there are exceptions to these rules - individual states regulate real estate activities, and they are not uniform in their treatment of property management.
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5 August 2013 | 9 replies
Fresh event of dog pee caused $5,000 damage to hardwood floors, over 100 sq ft of wood needed to be replaced and other areas need chemical treatment and all the floors needed refinishing.Dog claws also scratch wood floors and cause damage.
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5 October 2016 | 40 replies
The tax treatment of the IRA is what it is, regardless of what the IRA is invested in, and the tax sheltering provided by the IRA can have significant long term wealth accumulation benefits.The better comparison is how will the IRA perform when invested in a choice of different assets?
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5 May 2018 | 10 replies
I misremembered the date.http://www.marcusmillichap.com/about-us/news-event...As I recall, the statements that most clearly indicated the need for an LLC to gain the favorable tax treatment were around minute 51-54 or so.
7 January 2023 | 16 replies
You need to bring the eye up by creating vertical design with art or window treatments otherwise the room feels bottom-heavy.
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3 August 2020 | 5 replies
Get a CPA (not plain acct or bookkeeper) that has a resume and does/knows:1) Investment property2) Tax treatment of sameOn 2) that changes all the time and book-keeper types just don't keep up.
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18 September 2017 | 12 replies
There are many things that can actually be counted as real estate for purposes of 1031 treatment like Oil and gas interests.
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13 September 2018 | 11 replies
Other entities - maybe.There is no statutory holding period that qualifies your property for 1031 treatment.
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9 April 2021 | 95 replies
I'm kind like making a comparison between the tax treatment of Real Estate Pro Status and Trader Status Pro:Stock/Futures Trader:- trader trading futures has a preferable tax rate instantly although one doesn't have trader status- For trader status, they could write down the unlimited number of losses instantly, it's not hard to attain trader status once the LLC is in place, one just need to display their trading logs.
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1 August 2021 | 9 replies
S-corp & c-corp have different tax treatment when it comes to money distributed to yourself which is more complicated.