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Results (10,000+)
Delicia B. Transferring Deed from LLC to Person
31 October 2018 | 1 reply
If I transfer the deed from LLC to personal name of a member 1) how do I handle the name change for the title insurance 2) is it a good idea to leave in personal name or transfer back to LLC once refinance is complete (which I'm being told I should do by year's end by my accountant for LLC tax purposes i.e. he said it won't trigger a tax payment either way). 
Gabriel Medina Claiming Depreciation for the past 5 Years of ownership.
28 February 2019 | 16 replies
This creates a spread that can be extremely tax advantaged as the Losses carried over (Passive Activity Loss or PAL) can offset ordinary income such as wages. 
Saul L. Unbelievable Water Bill- Detroit
10 June 2016 | 33 replies
Now, the reasoning used to justify this (notice I did not use the word logic), is that the municipality runs by taxpayer dollars; so if municipal utilities go unpaid, that would place an extra burden on the taxpayers (i.e. higher taxes).
Alan Miller LLC or ABA
8 April 2014 | 4 replies
The LLC itself has no affect on taxes as they pass through directly to you anyway, unless you choose to have the LLC taxed as a Sub S Corp, which usually only makes sense with larger volumes of income as some could be salary, and some as "profit" which wouldn't be subject to self employment tax (like in the case of flipping which is ordinary income), AND doesn't relate to passive investment income.
Shane P. Depreciation and Calculating Cost Basis
17 January 2018 | 2 replies
You will be charged the entire $2k, but the seller reimburses you for his part via a $1k credit at closing.You simply make a record of this $1k credit, and whenever you make the $2k tax payment, you apply the credit, and the remaining $1k is deductible.If, on the other hand, this adjustment was for something else - like a one-time charge for specific improvements to shared property - then it's a different story.
Raymond Brown Starting a Partnership with a Friend. In need of a Contract.
7 August 2019 | 9 replies
It provides so many opportunities that would otherwise be unobtainable by ordinary people like me.
Robin Grimes Tenant Applicants say the dumbest things
3 May 2023 | 1572 replies
No credit check or rent required (except from the US taxpayer).
Jeff J. legal advice: Security deposit
1 May 2015 | 29 replies
This is money paid by the tenant and held by the landlord to pay for any damage beyond ordinary wear and tear the tenant might do to the rental unit, any unpaid rent, or any money the tenant owes to the landlord under some agreement.
Sam Leon Lease renewal - tenant "stalling"?
30 April 2015 | 5 replies
Your ordinary objective is to not permit a tenant to ever get free rent in your head, which I believe by reading your many excellent posts, ought to be treated as high rent district!
Luna B. Postponing rent collection to lower taxes
5 May 2015 | 27 replies
As a cash basis taxpayer, you recognize income when you have constructive receipt.