Charles S.
NYC CPA & NYC Real Estate Attorney
Hi everyone. I'm gearing up to try my hand at out-of-state real estate investing. I currently live in NYC but I am looking to invest in OH, PA, NC, and upstate NY markets.I am looking to make connections to CPAs and...
Alex Murkes
Tax implications of buying property at the end of December?
I just closed on my first investment property on Dec 22, but had no rent or expenses in that year.Until now I've always used TurboTax, my situation has been simple (W-2s, interest and brokerage 1099s) but I plan to fi...
Sam Liberow
Syndication Tax Question
Hello,
Some clients have been interested in investing in a syndication deal using their self directed IRA funds. When discussing it, the following came up that I’m very curious about.
If I’m a general partner/spons...
Gene Chen
Tax Consequence - Transfer to Single-Member LLC in California
Any BPers have experience with this?Considering transferring a property with no debt into a single-member LLC in California. It will be structured as a capital contribution, so no value will be exchanged and tax basi...
Darrell Essex
Incorporating
I have had a few opinions on incorporating given to me. I wanted to get the opinions of the people on this board.
The question is, should I own many corporations or 1 corporation and many doing business as'? Seeing...
Heather Thompson
California: Has anyone used 1 800 accountant?
Hello All,Has anyone used 1 800 accountant for their REI company taxes? I was sold on their online expense tracking and unlimited accountant advice. Now I have read some bad reviews of them online and am questioning m...
Ben Lockspeiser
Forming a corporation or LLC with multiple partners
Hi All,I have spoken with a few friends that are looking to purchase some buy and hold properties in the NYC/Westchester/Lower Hudson Valley area. We are deciding on all putting in a fair share of $50k each to start....
Alex Prudhomme
Accountant Cleveland Requested - Any Good Experiences?
Hello, I am a small rental investor in Cleveland getting geared up for tax season and was hoping to find a reputable tax accountant in the area. This is the first year that I feel like my taxes are complicated enough ...
Pushpendu Chakraborty
Register a company or not
I have few rental properties in NJ and Pennsylvania.All of them under my name , I don't have any llc or s-corp.Do I need to create one ?If I do which one is better llc or s-corp?
John Boby
Buy rental property in canada
As a US citizen who lives in USA, if I buy rental condo in Vancouver BC, what kind of tax I should pay on the profit?