Hi
Could someone help me the following - As a passive investor, how does one claim the depreciation/losses from the investment property? For example - if expenses are more than profits and you have a net loss, could ...
i have one investment propertyits a partnership ' but not now on an llc,QUESTION do I need to file an 1065 and put in in my personal tax return a k1or can I just fill in schedule E on my personal return , and not file...
When u make profit on a rental how is it taxed at the end of the year? At what rate and is there a better strategy for this? Any info would be helpful thank you
Any CPA recommendations for Oahu that specialize in REI?
My wife and I live in Arizona (a community property state) and created an LLC where we are both equal members. I was going onto the IRS website this morning to get an EIN and one of the questions was:You are husband ...
Someone asked me this question, and I did not know the answer. What happens is someone gets an S Corp for flipping but does not do any deals the first year? Does he need to file a return? I would imagine the answer...
Looking for a tax / CPA recommendations who are comfortable with areas like Florida to deal with business / personal returns and tax planning advice.
Hi all,
Just wondering how your rental income impacted your tax situation. One of my wife’s primary worries is how our taxes will change.
Also, did any of you start off with an LLC or wait until you build a portfo...
Hi Everyone,I am currently a member of a partnership in which I inherited my interests from a family member. There is a phantom income issue whereby the members are all required to pay taxes on their own personal retu...
Hello BP. How do I interpret this - "According to the advisory, the new tax law suspends the deduction for home equity interest from 2018 to 2026 — unless the loan is used to “buy, build or substantially improve” the ...