Christian Solis
Choosing my business entity
27 January 2025 | 3 replies
Under "Start a Business", choose "Limited Liability Company" and follow the directions.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Any advice on what setup is easiest and most tax advantaged?
Jill Keller
LLC or Not from a Liability Standpoint?
1 January 2025 | 2 replies
Hi, I'm looking into potentially putting a couple of rental properties into an LLC, more from a liability standpoint than anything else.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
An LLC does not impact taxes for rental real estate.
Nick M.
Michigan Sales/lodging tax collection and payment
16 January 2025 | 7 replies
Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.
Henry Clark
LA Fires Taxes and Insurance
14 January 2025 | 1 reply
Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Is an IRA subject to capital gains tax?
Roque Miranda
Need a CPA and tax expert on long term rental out of state portfolio
29 January 2025 | 2 replies
@Roque MirandaBigger Pockets is a great place to find a tax accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.