Ana Maria Montenegro
Advice Needed -defense options against HOA lawsuit & renting after
Hello Everyone,
My HOA is suing me for unpaid dues and placed a lien on my property in Florida. Truth is, I am planning to file for bankruptcy and discharge this debt as well as my condo which is upside down, but I am...
Kev Li
Filing for the STR Loophole
Hello, a lot has been written about the "STR Loophole". My situation is that my STR averages less than 7 days, I have material non-passive participation, so that I qualify for the "loophole". I do not provide substa...
Julio Bradley
LLC and 1040C
I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...
Martingale Kim
IRS penalty for filing LLC return late, but I filed !
I got a letter from IRS today, saying I didn't file 2019 tax return, and give me a penalty of $410. But I really filed by mail in March 2020.
I always filed each year's tax return by mail.
they give a contact us nu...
Amy Turnbull
I sold a home in another state--do I have to pay tax?
I appreciate responses about this. I don't want to get dinged next year or whenever if I need to pay sales tax. I mean, I have paid my income tax but pretty sure Massachusetts wants a piece of the action!
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
Curt Smith
TAXES: where to deduct yellow letter costs, monthly service expenses on personal 1040?
Hi Everyone,
I don't file a business tax return for our LLC because it's a tax non-entity (pass through). If I did this would not be a question. As it is our rental business is falling onto our personal ...
Milan Patel
Tenant has not paid rent since two months- is eviction allowed ?
Hi! I have not received rent from tenant since last two months in Newton county, GA. Is eviction allowed in Newton county, GA? Generally, how long does it take normally for the whole process? Are there any other optio...
Lloyd Winston
Florida resident investing in Ohio
1. Brother has real estate flip operations in Ohio.
2. I live in Florida and would like to participate in his flip operations as a co-investor on a deal by deal basis.
3. What is the best structure for investment doll...
JoColby Harrell
Being the capital partner for a Rehab play
I have an opportunity to be a silent partner (providing the capital for the rehab) on a real estate deal. I wanted some feedback on what I should be looking at and how to structure the paperwork on doing something ...