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
My business partner and I are planning to buy a commercial building in Nevada. He is currently selling his commercial building in Washington and 1031 exchange into the Nevada deal. In order for the 1031 to take place...
Hello , Good morning. I am listing my residential investment property in a day or two for sale and want to do 1031 Exchange. I have one technical question about this transition.In relinquished property, my wife and I ...
Dear bp family,
I just formed my llc that i want to hold my rental property in..
My next step is to get an EIN number for the company..
I need it to start the bank account for the business aka my rental property
...
So I have listened to multiple podcast referencing the benefits of having an llc. However I have recently started 3 llc's all in different states , GA, VA, NC,. is there a way to set up all my LLC's to allow for one t...
Hi BP.
I had a question regarding an LLC.
We just opened up an LLC as husband and wife. I was wondering if this can be a disregarded entity since we are married and file jointly. All property in this LLC are communi...
I want to set up for a 1031 of a set of apartments that are in a trust and put new apartments into an LLC. Will this work or do I have to keep the new property in the trust?
Newbie question here. I know I need a CPA, but didn't think I needed this individual so early in the process. Words of wisdom from experienced veterans here is greatly appreciated.I formed a single member LLC for as...
I am looking into buying my first house (that is a multi family) with a VA Loan. my plan is in a year to put it under an LLC S-Corp. would it be beneficial to put it in a land trust as the llc for the beneficiary? Or...
Three years ago, my husband and I did a 1031 tax exchange for a rental property. The property is still a rental property and will continue to be, at least for the forseeable future, but I would like to put the propert...