Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (4,000+)
Gina Mann Buying 4 plex as primary while keeping the current house?
26 September 2021 | 2 replies
*only include the 4 plex and disregard the single family house for tax returns for one year (address on tax return, mortgage interest and so on). 
Laurence K. Grantor Trust (Australian)
15 October 2021 | 4 replies
I have an Ohio LLC (single member-disregarded entity) that is 100% owned by a Wyoming LLC (single member - disregarded entity) that is 100% owned by an Australian Discretionary Trust.I am of the understanding that the Australian Trust is considered a Grantor Trust by the USA and that any taxes due from my Ohio LLC are passed down the line, first to my Wyoming LLC, then to my Australian Trust, and then to the Grantor of the trust.The Australian trust has as its trustee an Australian company (Corporate Trustee).I am the sole director of the Corporate Trustee.The beneficiaries of the trust are my my wife & I, our adult children, grandchildren & any as yet unborn heirs.So my question isWHO IS THE GRANTOR ?????
David Y M. How to Do Real Estate Partnership without 1065
1 December 2021 | 3 replies
Neither the other co-owners, nor the sponsor, nor the manager may advance funds to a co-owner to meet expenses associated with the co-ownership interest unless the advance is recourse to the co-owner (and, where the co-owner is a disregarded entity, the owner of the co-owner) and is not for a period exceeding 31 days.The co-owners must share in any indebtedness secured by a blanket lien in proportion to their undivided interests.Distinguishing a Partnership From Co-Owners of Leased PropertyIn the case of property to be purchased by more than one equity investor and subjected to a long-term triple net lease, it may be possible for each equity investor to structure its participation as a purchase and lease of an undivided interest in the property, separate from the other equity investor's transaction, so as to preserve arguments that the equity investors are mere co-owners.
Troy Scottaline Young professional wanting a life change
31 December 2021 | 43 replies
Hi Troy,I'm going to expound just a bit on this with some pop culture references, you can take what you want out if it.[1] Interesting you have come this far in "Doctern' "-- (a Granny Clampet reference), all of this money, all this time and all this stress over the years and now find it "less than you want".[2] "Man hears what he wants to hear and disregards the rest"-- (a Simon and Garfunkel reference).
Jose Vasquez Dickson Title Company Closing and Getting Paid!
8 December 2021 | 9 replies
An EIN is good for disregarded entities as you don't have to give out your social security number.The title company likely is asking for a W-9 form instead of a 1099.The W-9 form will mention items like your name/business name, EIN/SSN, entity status, etcYou would then be issued a 1099 by the title company by the end of the year.The next step is reporting the wholesale income on your 2021 return.
Tyler Brown Trying to wrap my head around tax implications
2 December 2021 | 5 replies
This is due to the fact that that type of irrevocable trust is a Grantor trust, meaning that it is treated as a disregarded entity by the IRS for tax purposes while the creator is alive, and [wife's] interest in the properties, as beneficiary of the trust, does not vest until the death of her mother."
Zee Anon How to become a hard money lender
6 December 2021 | 7 replies
Possibly some tax benefits as well, though those would be quite minimal -- not the main goal of this, just mentioning that it'd at least offset the cost of setting up the LLC Pretty sure your tax liabilities would be exactly the same if you have an LLC as they're typically a pass through or "disregarded entity". 
Corey G. Phoenix tree trimming recommendation
7 December 2021 | 1 reply
Disregard, I found a company for a reasonable price. 
Aaron Moayed 1031 Exchange Questions
17 October 2021 | 2 replies
If that LLC is a disregarded entity meaning she is the only member and it does not file it's own tax return, then again the activities of the property are also shown on her personal tax return.
Daniel Okeefe LLC transfer of property
10 November 2021 | 2 replies
When an entity SELLS to another entity it is not a family transfer deed.LLC was probably like a disregarded entity on your personal returns in the past.A real person can transfer a deed to a family member -called a family transfer, often not taxable -depends on relationship.