![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/918871/small_1694954596-avatar-stever141.jpg?twic=v1/output=image&v=2)
23 May 2020 | 10 replies
I am not a tax professional, but my understanding of 871(d) election https://www.law.cornell.edu/uscode/text/26/871 is that there is no need for a LLC, you just add a sheet of paper to your tax return where you say§ 871(d) Election to treat real property income as effectively connected with U.S. business(a) property(b) interest(c) location(d) improvements(e) election yearAfter listing the 5 columns above for each property, you say it is your election for fiscal year xxx, you put your SSN or ITIN and sign.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/537092/small_1621492047-avatar-vpuranik.jpg?twic=v1/output=image&v=2)
21 May 2020 | 5 replies
AddressTax YearTaxesAssessmentTax RateData Source5330 Tyler St, Merrillville, IN 464102018$2138$91,8002.3%Zillow51 Deerpath Rd, Merrillville, IN 464102018$1509$102,1001.48%Zillow7817 Whitcomb St, Merrillville, IN 464102018$914 (Realtor.com)$108,1000.84%Zillow6252 Johnson St, Merrillville, IN 464102018$3277$120,3002.72%Zillow505 E 53rd Ct, Merrillville, IN 464102018$1897$102,6001.85%Zillow
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1049030/small_1621508085-avatar-pablom16.jpg?twic=v1/output=image&v=2)
17 May 2020 | 2 replies
2) I have other SFH rentals I just Schedule E and that's it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1767981/small_1621515439-avatar-ricardop57.jpg?twic=v1/output=image&v=2)
22 May 2020 | 23 replies
Here is the registration link:https://www.eventbrite.com/e/i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1760726/small_1694877087-avatar-maxh63.jpg?twic=v1/output=image&v=2)
18 May 2020 | 4 replies
All of this info might go on your Schedule E of your personal return.There are plenty of land lording books.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1423215/small_1621512153-avatar-mstaller.jpg?twic=v1/output=image&v=2)
19 May 2020 | 2 replies
As such, the payment of real estate taxes needs to be allocated to personal deduction(Schedule A) and business deduction(Schedule E).Are you open to working with an accountant remotely?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1175335/small_1621509882-avatar-clintond7.jpg?twic=v1/output=image&v=2)
18 May 2020 | 11 replies
Currently, it's paid on-line, they still send me paper water bills, which I scan and e-mail to my tenant, not like the old days where I have to copy the bill, go out and mail it to the tenant.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1312774/small_1625160015-avatar-jonathanb329.jpg?twic=v1/output=image&v=2)
18 May 2020 | 0 replies
Significant equity on day 1 e Lessons learned?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1312774/small_1625160015-avatar-jonathanb329.jpg?twic=v1/output=image&v=2)
18 May 2020 | 0 replies
Significant equity on day 1 e Lessons learned?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1744006/small_1621515199-avatar-avivh.jpg?twic=v1/output=image&v=2)
26 May 2020 | 16 replies
@Aviv HarkovI would invest in a Cabin in E TN Pigeon Forge.