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4 February 2017 | 52 replies
Still it is your money, not mine so feel free to disregard everything I say!
8 February 2017 | 15 replies
But if you disregard all that time+money invested, then yes, being a doctor will statistically give you the highest pay on average.
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8 April 2017 | 10 replies
I'm in the process of forming a single member LLC to do this and am struggling with finding non-contradictory advice as far as what election to choose (disregarded, s-corp, or c-corp).
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9 February 2017 | 5 replies
My general rule of thumb (and obviously I'm focused on "what will screw with you getting a mortgage," so if that's not you, feel free to disregard) is that if your taxes are simple enough to use 1040ez, you're salaried W2, and you're taking the standard deduction rather than itemizing, go for it with the software.
4 February 2017 | 1 reply
LLC's are considered "disregarded" entities and as such all taxation is on a "flow through" basis....meaning the IRS treats the assets in the LLC as if you owned them personally for tax purposes.
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10 March 2017 | 1 reply
They required 2 DE LLC's: LLC#1 my husband and I are 50/50 partners and LLC#1 is sole member of LLC#2 which will be the borrower for the loan and it is a disregarded entity.Since the expense has been incurred and we are set with another lender, and since LLC#2 is registered to do business in the states where the rentals are located we would like to use the setup.To date I am a Real Estate Professional, this is what I do full time and my husband holds a job.I believe that there will be no issue taking the loan to LLC#2, changing the deeds when the loan closes from us to the LLC and that income/loss will pass through to LLC#1.I believe that since LLC#1 is a partnership that again we still will continue to report income/loss to our personal return and I can continue to be considered a Real Estate Professional.
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17 March 2017 | 37 replies
In these cases, everyone saw them but disregarded them.
15 March 2017 | 2 replies
For a husband and wife LLC in a community state, I read that it can be treated as a disregarded entity.
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15 March 2017 | 2 replies
A single entity LLC not choosing to be taxed as a partnership so not filing a tax return is a disregarded entity for 1031 purposes.
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16 March 2017 | 5 replies
Atty and I am awaiting for a couple call backs from some well respected ones, and others completely disregard being apart of the wholesale situation.