G Marks
1031 and Land Trusts ?
Hi all,
Looking for input regarding 1031's and Land Trusts. For those not in the know or not familiar with Land Trusts, it is a Trust in which a property is titled to a Trust name ( ie 123 Main St. Land Trus...
Sim Xing
Section 121 with LLC
I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
Bellman Tumasang
Investing In Real Estate, setting up entities and taxes
Whether you own real estate in your name, an LLC, corporation etc can you please fully explain with an example how you manage taxes?for example let’s say you owned a rental property in an LLC taxed as a disregarded en...
Gabby Cunidi
Exchange- Joint tenants to community tenants wros vesting change?
We are closing on our replacement properties of a 1031 Exchange. In the relinquished property our vesting was as joint tenants (we were young and newly wed and did not understand the differences). Many decades later...
Travis M.
Tax disadvantages for transferring rental properties to S.M. LLC?
Are there any tax disadvantages to transferring rental properties to a single-member LLC with disregarded status? In particular, would this have any adverse impact on the stepped up basis applied to properties inherit...
Mark Stewart
LLC vs Personal Accounts
I'm selling a rental property I've had in an LLC for several years. In June, I deeded it back to myself in order to take advantage of a 1031 exchange and be able to use my earned income to qualify for the purchase on ...
Ron Alexander
llc for my flips in Florida
Hello everyone,
I am sure this have been said before but I really wanted to get details on a few personal request about it,
I do have an investment house I bought 3 months ago (A), I am going to flip it very soon ...
Jon L.
How can I have new LLCs for 2 new properties with a 1031 exchange
I have an Arizona single member LLC that files taxes as an S-corp "1120s" I sold that property and doing a 1031 exchange the issue I am having is because I file as an S corp I am told I need to purchase the new proper...
Max Brudner
Bookkeeping/Taxes at the Parent company level
Hey all, brand new one here - first post! I've been reading a lot, but can't find the answer to my question. I have two rental properties, building two new ones right now, and have four more lots on which I plan to bu...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike