John Bartlett
Seller financing, when does the seller realize gains for taxes
Hello, I have two family members that are 50/50 owner on title of a house (one lives in the house, one does not), they would like to sell the house to a 3rd family member, and seller finance the sale. I am trying to s...
Cheri Costello
Tenant from h***, actually Denmark.
I am dealing with a professional who moved into my home in May 2017 and paid the first few months rent. Then I received partial payments and lots and lots of excuses about a promise for full payment and this drug on f...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Kevin Bazner
Property Management Payout Clause
Does anyone have a clause in their property management agreement of when payouts should occur/be processed following monies received? My property manager takes a few weeks to process payments after receiving tenant pa...
Nathan M kiefer
400k bonus - tax mitigation
If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?
Catherine Javier
Best way to Lower Tax Bracket by Adding my Father?
Hello everyone, I am a rookie and need some light.My spouse and I are recently closed on a LTR under LLC. Both of us are w2's with AGI >150k. We have read that even if you're an active investor, if AGi >150, th...
Troy P.
RE Professional Status for Spouse
Hi all,
I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE profes...
Martingale Kim
Gift tax from foreign parents
my parents in law want to give us $60,000.i know there's a $16,000 gift tax limit. so to qualify this limit, does my parents-in-law need to wire me and my wife respectively 4 times at $15,000 each time?what will be th...
Kate Lavery
Like-Kind exchange combined with Sec 121 exclusion - reporting questions
I converted my primary residence into a rental property three years ago. Last year, I completed a 1031 exchange, where I exchanged that rental property for two new residential rental properties. The overall gain on th...
Tamarra Banks
What to put on my first business card?
Newbie here trying to get as much as possible right from the beginning.I want to start networking and need to know what should i put on my business card. What words should be used that could make me stand out from oth...