Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

The information contained in this post is not to be relied upon.

I think one important note that I omitted from my original post was some background info.

Ahmed:Originally posted by @Jay Hinrichs:Originally posted by @Lourdes Caballero:@Jay Hinrichs thank you for your feedback.

The information contained in this post is not to be relied upon.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Thanks for your post @Nichole Stohler.  

i know i could probably look at your other posts but since you posted...

Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?