Todd Willhoite
Electing tax status for LLC planning to buy land and resell some
Some partners and I are purchasing a large parcel of land. We will probably sell off some large parcels to pay down the debt on the remaining property and then hold some of the land indefinitely. Trying to figure ou...
Lex Douvas
[Early Plan] Guidance on 1031 Exchange and Eventual Relocation
Hi BP - I had a bit of an early stage 1031 exchange question I was hoping to seek the collective wisdom of this group on.
Context: I have an investment property in CA which I'm going to be 1031'ing into a property i...
Will Sifert
Another state making changes to their tax sale laws (Louisiana)
Summary from what I have read and what was explained to me. There will be a state wide election in December to change the tax sale laws. To me it sounds similar to Florida. The state is pushing for it and I am sure we...
Julio Gonzalez
The Short- Term Rental Loophole Explained
Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income. STRs have very substantial tax advantages compared to other strategies as lon...
Daniel Murphy
depreciation recapture / cost seg 2nd opinion needed
Hey everyone, I'm a financial planner by profession & I really dislike "sales pitches." All of the sales pitches I've seen for Cost Seg studies show the tax benefit at "37% tax rate" which doesn't apply to most i...
Julissa Perez
How do I find a trustworthy accountant (CT)
Hello Everyone,
I feel silly asking this but I meant what I said when I mentioned I was very very new to this. I am currently deployed and I need a trustworthy accountant from CT to assist me with my taxes this year...
Claudio Golia
Reduce 401K Contributions and Redirect to REI?
Good afternoon.Just wanted to get some opinions regarding raising additional capital for REI. I'm pretty new to the whole REI adventure, been here on Bigger pockets for 3-4 months and learned a lot. My biggest barrie...
Adam F.
Anyone have experiencing using a quit claim in Chicago?
My lender suggested moving a multi-family from my personal name to an LLC immediately post-closing via quit claim deed. Does anyone have experience with this (even better if in Chicago)?
According to the City of Chi...
Stephen Edwards
Why are pre taxed investments included as capitol gains?
If I saved $100,000.00 out of my income over the years and now decide I want to buy rental properties. Now this money is not considered pre taxed or accounted for by the I.R.S. The entire amount is depreciated over 27...
Gene Kaniaupio
tax professional in California bay area or Reno, Nevada
I am new to the taxation side of investing, here's where I am at. I waited until the last minute, then filed an extension(good). I used a national tax prep company (bad), and I am certain they missed a lot of deductio...