Evan Loader
K-1 state tax filing requirements
I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...
Brian Alterman
Structuring/terms of small unsecured promissory note
Hi BP!I'm new to investing and have joined my local REIA. Learned a lot and have done some great networking to help me get into this business and learn. I came across an opportunity to work with another investor in o...
Michael Plaks
Short guide to April 15th for procrastinators
Judging by the many recent posts on this forum, my title should attract a wide audience :)
Is April 15th the last day to file my taxes?
No. You can file what is known as an extension and get yourself an automatic (i...
Kole Kingslien
Looking for some advice
Hello there,
I am a beginner at this, and thought someone might be able to help me with a few things. To give you a perspective on where I'm at: I'm 22, my wife is 20, we live, and work, right outside of Madison Wis...
Kendall Morgan
How can I stop my house from being sold @ tax deed auction..
Okay, wow... Where do I even start. Originally BP started as a place to help me expand my knowledge and further my career in REI. Now, I am reaching out for help regarding my OWN home. In 2012 - I bought my house for...
Laura Kreinbring
Tax Advice, long-time tax platform user depreciation basis adjustment
This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...
Lauryn Meadows
S Corp vs LLC for flips
Hey all! I'm wanting to get into multi families but I need some capital to do that. My thought is to do flips to fund multi families in the future.Do you guys suggest an LLC or a S Corp for house flipping? Should I se...
Desmond Fielding
Transferring Property to an LLC - Fannie Mae Approved Method
I have seen a lot of posts on BP Forum regarding transferring a rental property from your personal name to an LLC and have searched the forums in the past trying to gather information. I haven't run across a post with...
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!
Theodore Smith
STR Business Sch E & Sch C questions
Looking for some insight, and I realize this may be a bit complicated for this forum, but as I am not a tax professional it may be an easy answer as well. Some basics…
My wife and I own a property with 3 STR on the ...