Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
A great deal of accountants work with out of state clients.
Rich O'Brien
I’m losing a house to unpaid property taxes.
6 January 2025 | 17 replies
Use that loan to pay the back taxes and get things under control.
Brad Kanouse
IRA funds as down payment
16 January 2025 | 17 replies
There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.
Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
It's very easy to set up your accounts and to set up sub-accounts for each property if you want to, which is what I do.
Joan E.
rental property and tax filing
2 January 2025 | 3 replies
You can always use a software like Turbo-Tax and follow the prompts.
Travis Smith
Using real estate for tax purposes only
1 January 2025 | 5 replies
Of course to maximize your tax benefit it needs to be sustainable over time.
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.
Carlos Rodriguez
New to US market
11 January 2025 | 9 replies
DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.
Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.