Hi, all. Here's a question for the tax pros. My grandparents left rental property in a trust, of which i had a share. (The property is in CA, if it matters.) In March of '21, the trustee transferred title of the prope...

What is the best corporation to set up whe investing in multi family units?

A friend @AlisonK8 and I are considering a 50/50 partnership where I would fund a greater portion (or perhaps all) and they would apply for the loan based on their credit score. Many questions arise - where to set up ...

As a bit of history, my friend and I created an LLC to purchase rental properties in 2017, but didn't buy our first property until March 2018. We're having everything deposited to a business checking account in our LL...

Hello BP,
I would like to hear a second opinion here regarding Real Estate Professional Status (REPS).
Background: I have a full time W2 job. My wife does not work. My wife and I formed a partnership LLC back in 201...

Looking for a CPA who has experience with apartments & potentially knows how to work with Canada Revenue. Recommendations are appreciated. General info: 
-We have a 20unit apartment located in Texas 
-Our LLC is...

Hi BP,
Closed on my first property with a partner this month!   🎆
We're looking into setting up a business bank account for our two member LLC.  There are many bonuses available for business checking accounts that g...

I have a unique question I’m getting conflicting answers on. I made a real estate investment in my single member LLC in 2018 and was issued a 1099-INT. I did not receive any other income within that LLC in 2018. I ...

Can anyone tell me when my Duval county LLC taxes are due? (S-CORP) one member.LLC formed in NV, operating out of FL. LLC formation date 7/15/15.Thank you!

Just wondering if a deceased person is required to submit tax returns for his/her last year of life?