Sold a property (proceeds with Qual. Interm.) & have a new property to buy. Formed a new 2 member LLC to acquire & hold new property, but accountant says it needs to be Tenants in Common. Can you do a 1031 exc...

Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...

Hi BP team, Happy New Year!
My brother and I own a 4-unit rental property in Los Angeles, CA, we've owned it for almost 10 years. The property Title is owned 50% by each of us individually, as tenants in common. HOWE...

I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.

I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...

If I sell my home am I bound to receive the US dollar?
If I state that I want to receive gold/silver in lieu of the USD do I still pay tax on the proceeds of the sale? Even though the transaction involves trading ass...

If I establish a new LLC primarily as a real estate entity (partnership pass through for taxes purposes) can I use LLC contributed capital to buy stocks and offset some of the LLCs real estate tax losses before transf...

I'm purchasing a 40 unit apartment building (2 buildings of 20 units each).  Each building has only one water meter.  The current owner pays all water, which runs at $1500-2000/mo.  RUBS for gas, all separately metere...

Our company has 16 properties within 10 LLCS.  We have been using a desktop version of quickbooks and each entity had its own file.  Generally there are not many transactions but each has its own bank account and some...

Hello,
Currently in a 1031 Exchange and have a few questions.

We sold this property last week and we are currently in a 1031-exchange. We are trying to figure out how we can hold title to the new property. Our 103...

Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report.  When a child LLC (disregarded entity) is used to hold each property, and all of the tax reporting is d...