Hi all,I need to open an online bank business banking account for a rental property, what do you all recommend Nolo / Bluevine / Baselane / something elsepros and consappreciate all the feedback.Thank you

Hello, my question is in regards to Texas Franchise Tax: I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it broke out individually and filed by each rental?

Hi Lahiru,Great question, if your wife has been considered to meet the threshold for "Material Participation" in the business, then you would be able to take these losses.

Yes, the PA's will be there handing out cards and trying to get your business as the fire is being put out. 

TLDR: It was a fantastic workshop that will enhance my business, but he pitches his Big Dog program that costs anywhere from $20k-$60k.

I have come across several companies like Legal Zoom, Zen Business and many others, some which I think want to overcharged me.  

Reporting the mortgage interest on the return should be done with care, as the IRS does not have a copy of Form 1098 under your SSN (or EIN if business) reporting the interest.

To ensure you can apply the tax deductions against ordinary/active income, you have to materially participate in the STR business.

Or maybe your family business is property management ?

I work with some of the best in the business.