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Results (3,992+)
Nikhil Mascarenhas CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
This has a lot of administrative overhead, the LLCs being disregarded entities may pierce the corporate veil.
Adam Hoeker Managing the Finances
27 September 2024 | 15 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
Alex Silang LLC registered in STR state or home state?
27 September 2024 | 13 replies
Otherwise, since you're not doing actual business in the state the LLC is based out of, the entity can disregard.
Lilly Fang For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
@Lilly Fang, to echo Gregory's answer, a sole-member LLC is a disregarded entity from tax purposes, so no tax benefits or added costs in my experience.  
Trenton Pelloquin Bookkeeping for long term hold rentals
24 September 2024 | 8 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
Gustavo R. Avoid double taxation while flipping in Baltimore but residing in Canada
27 September 2024 | 18 replies
An LLC on its own is not going to accomplish your goals as the CRA considers LLC's to be "disregarded entities".
Srinath Gopinathan Converting personal investment property to LLC
23 September 2024 | 12 replies
If that is the case, this will be treated as a disregarded entity so no real tax separation or tax benefits I am aware of.
Collin Hays Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
The legal definition of gross negligence is: "An act marked by total disregard for the rights and/or safety of others, and with complete indifference to the consequences of the act."
Amy Bearden Capital Gains Tax Question
22 September 2024 | 4 replies
I believe the IRS will consider the LLC as a pass-through disregarded entity. 
Isaiah Cortez Need Advice on LLC Setup & Tax Strategy for Real Estate Investments
24 September 2024 | 11 replies
But for me the complexity of getting out of an S corp plus the cost of running one just didn't make sense when I could eliminate net income so many other ways and still get the pass through from disregarded or series LLCs.