Sung Yu
1031 fourplex into a single family
17 January 2025 | 4 replies
Check with your QI about both scenarios.I did have a client do a 1031, rent it out for two years and then moved in at the advisement of their CPA.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
The Initial Filing:Any existing business not excluded must begin to file in 2024 via the FinCen network filing process.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.
Daniel Madhavapallil
House Hacking and Tax Strategies
21 January 2025 | 7 replies
Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
Check with your CPA.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
21 January 2025 | 6 replies
I know you're going to say, "But I'm a CPA!"
Lauren Merendino
Pre retirement Strategy
20 January 2025 | 24 replies
Have a good CPA to help you strategize?
Chris Shon
Do I need a Real Estate Tax Accountant?
10 January 2025 | 16 replies
I am unaware of any law in any state that requires you to have a CPA.
Tom Gorrell
Fair Price for CPA to do taxes
19 December 2024 | 25 replies
I love my CPA just wondering about what a fair price is for a CPA to do our taxes.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
I disagree with asking your CPA what they like unless your Tax CPA is an expert in the same specific industry you are in.