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Results (10,000+)
Zack Hawkins Spec House ( Taxes: LLC vs. Individual)
14 August 2024 | 3 replies
In that case, the single member LLC is not a tax election but instead a legal entity, and the IRS treats single member LLCs as pass through entities, so the info would go on Schedule C of your 1040 tax return. 
Nathan Frost Business Line of Credit (Who is best)
15 August 2024 | 29 replies
Business lines of credit in my experience will often be high doc, so you need to have your articles of organization, the EIN number from the IRS, any other mbr/managers may have to be signatory to the debt (vs non-PG), and depending on the bank, they often want to see business tax returns. 
Daniel M. Help Setting Up QuickBooks for Real Estate
15 August 2024 | 13 replies
This will also help when you file 1099s to report the proper amount to the IRS and send a correct 1099 to the PM for their PM Fees and possibly any Advertising or Repairs they may have doneFor the mortgage you will split it like you have it except the Mortgage will split to include the Principal amount to the Liability and the Interest expense. 
Hadar Giladi Markets for BRRR
14 August 2024 | 22 replies
Would you be open to hopping on a quick call sometime to discuss the Columbus market in more detail?  
Account Closed Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
They are perhaps trying to rival the IRS in complexity.
Rob Dold Seeking afordable title searches
12 August 2024 | 14 replies
A "title search"  may not include IRS lien, Bankruptcy, death estate searches etc.
Selina Giarla What are your most helpful tax strategies? Can I create a business to self manage?
13 August 2024 | 11 replies
The IRS doesn't allow tax breaks for self-dealing and I don't see how you would benefit.For example, rent comes to you for $1,000.
Julio Gonzalez Cost Segregation on RV Park
12 August 2024 | 0 replies
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
Jacob Zivanovich House Hacking Partnership
10 August 2024 | 7 replies
However, I'd still love to hop on a phone call and see what you had to offer.
Yosef Lee My first ever 44 Unit MF apartment closed in Dec. 2020
16 August 2024 | 277 replies
Yes let's connect and hop on a zoom call.