Andrey Y.
QBI deductions - Tax considerations for K-1 syndication investors
11 May 2020 | 10 replies
Every one of these should be considered at a separate trade or business level.If you decide the disregard the QBI reporting all together because you don't want to contend with the software you will either be throwing out a deduction of up to 20% of the income the activity is throwing off, or you'll be messing up your QBI loss reporting by not having the proper carryforwards and end up claiming too much of a QBI deduction in future years.
Kat N.
Rental home (w/ bank mortgage on personcal credit) in LLC
13 May 2020 | 10 replies
@Kat N.Having your property in an LLC or not does not change anything regarding depreciation or expenses deduction.It is usually tax neutral unless you add a property management Corp in the mix that can give you some more creative tax optimization strategies regarding fringe benefit, retirement and some other expenses that you would had problem deducting in your disregarded LLC.
Mary Ogden
LLC vs Sole proprietorship, which one is better to get and why?
10 May 2020 | 2 replies
The Federal IRS considers single member LLC's as a "disregarded entity."
Christopher M Mariner
Broker sponsorships for investors.
9 January 2020 | 7 replies
And thats of course disregarding the time spent in class and studying for the exam and putting the pressure on yourself to properly know the ins and outs of the contract since you will be representing yourself.
Mary Kang
1031 Exchange - Need assistance to go from SFR to Commercial
15 January 2020 | 8 replies
Or it could be a "disregarded" LLC.
Kody Crouch
Entity advice for Californian investing out of state
13 January 2020 | 9 replies
The LLC's are disregarded for the purposes of filing taxes and simply go onto Sch E of your tax return (if they're rentals - you didn't specify).
George Zatulovsky
Rental properties in an LLC
2 December 2015 | 10 replies
In your state of California, I would imaine it more likely for a judge to disregard your incorporation and hold you liable.
Account Closed
Mortgage interest deduction for LLC
25 August 2014 | 3 replies
A single member LLC can be treated as a sole proprietorship (what the IRS calls a disregarded entity) or as a corporation.
Account Closed
How to turn down a tenant with bad rental history?
6 July 2017 | 21 replies
If they are blowing off their recent bills, tell them once they learn not to have total disregard for credit , to come back and re apply.
Christian Lautenschleger
First Property Strategy: Crazy to do or not to do?
15 November 2013 | 7 replies
And this one just came to me yesterday.Correct me if I'm wrong (if I am, then disregard the rest of the thread), but you CAN buy an four-plex (or du/triplex) with an FHA loan if you take up residency?