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11 October 2017 | 192 replies
Before we get a new president, is my guess...For those comments in regards to slow appreciation area, true, i know nothing about those areas and my comment does not apply there...
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18 March 2017 | 15 replies
Your carpet example is technically tangible personal property that should be depreciated over 5 years, but you could be eligible to elect the de minimis safe harbor exemption since it's under $2,500 ($500 if before January 1, 2016 so if it was then it wouldn't qualify) which would allow you to expense it in the current year rather than capitalize and depreciate.
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12 November 2023 | 27 replies
I suggest "electing S-Corp status" for your WY LLC.
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21 September 2018 | 6 replies
Also you may have to pay transfer taxes on the quit claim.It's my understanding Florida isn't a community property state, so the LLC should be filing a partnership tax return for federal income tax purposes unless a 'check-the-box' election has been made.It might be best to quit claim the property into either your name or your husband's name (if a partnership) and cash out refi into a conventional loan, then payout your financing 'partner'.
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22 March 2017 | 15 replies
If you elect to charge such a fee, it would be necessary to include that in your lease.
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21 March 2017 | 4 replies
It depends on if the LLC owns property in other states or CA and if you will elect to have LLC income is taxed like an S-corp.
14 September 2019 | 11 replies
@Steven Hamilton II @James SreewaromThe 30% withholding can be avoiding by making the election to treat the rental as effectively connected to a US trade or business.https://www.irs.gov/Individuals/International-Taxpayers/Foreign-Persons-Receiving-Rental-Income-from-U.S.
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14 April 2016 | 3 replies
Here's the gist of it:http://www.nolo.com/legal-encyclopedia/how-llcs-ar...Also depends on what election you all made with the IRS on the LLC structure (e.g.
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10 June 2016 | 4 replies
So my tax accountant filed my 2015 real estate LLC tax return as a C-corp rather than with the S-corp election.
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19 December 2016 | 21 replies
Also, the numbers and quality of prospective tenants may be lower because fewer people elect to move in January.