Account Closed
Tax considerations you MAY NOT KNOW about short term rentals
17 February 2024 | 11 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
Alexus Bell
small multi RefiCashout
17 February 2024 | 4 replies
Generally options will vary dramatically based on these unit buckets2-4 5-1011+
Brett Dudley
Short term rental loophole then long term rental in the future
17 February 2024 | 9 replies
They can provide guidance based on the latest tax laws, regulations, and your individual circumstances.
Anil Bansal
Investment in East Palo Alto
15 February 2024 | 37 replies
If you follow the growth of the tax base, the infrastructure of the city has gotten much better.
Jack Seiden
Gaithersburg new ADU laws
17 February 2024 | 7 replies
Absolutely fair points and fair assessment of both Nimby's and Yimby's typically based on how they will be PERSONALLY affected.
Lucy Bennet
lower my capital gains tax by raising my own realtor commissions?
16 February 2024 | 9 replies
My realtor commissions get paid to my LLC which is an S-Corp so I pay myself a salary based on the total of the realtor fees and other flips I do throughout the year.
Chris Gormley
Wholesale Cold Caller Help!
17 February 2024 | 8 replies
Does anyone have good experience with cold callers and where they're based out of?
Pat Greene
First Rental Property - Hoarder Tenant Concerns
17 February 2024 | 7 replies
Based on my experience with hoarders - Leave it alone.Unless they are causing damage you really don't want to spend your energy chasing that.
Kyle Falkenstein
LVP or Carpet in Rental?
17 February 2024 | 18 replies
Lvp is a very easy diy install...another reason for fan base.
Jun Lopez
Looking for an accountant in the area
16 February 2024 | 12 replies
The accountant that we had last time is based in Chicago, specializes in real estate and is a good one.