Shera Gregory
Entity classification for LLC where SD 401k trust is the member
I am planning to create an LLC with the Solo 401k trust as the member to provide liability protection when I purchase real estate and some separation of assets within the 401k. Should I elect something other than the...
Ravi Singh
Accidently got the 1031 exchange New property under my name
Hi I sold 2 condos (one 100% owned by my LLC and the other was in my personal name with only 20% down payment and rest loaned a year ago from bank). When i did a 1030 exchange for both of them, i did not realize that ...
Florentin Grecea
Accounting Question- capital gain
Hello,
I have a property on my name for over a year. I am planning to transfer the title via warranty deed to an LLC (which I wholly own) before I sell it. Will that impact my capital gain tax bracket, if my corpora...
Caleb Dryden
Should I put my rental (plan to sell) in an LLC to avoid C-gains?
Here's the scenario...My wife and I lived in this house for 4 years, rented it out the last 4 and are thinking about selling it. I'm wondering if there are any advantages to putting in an LLC right before I sell it in...
Jay Y.
Checking to see if I need to file Form 8832
Hey guys,Here's my situation, my partner and I formed an entity call it First LLC which is classified as a partnership when the EIN was obtained. Later we formed another entity call it Second LLC and again is classif...
Carlos Silva
Can you 1031 exchange residential for commercial ?
I have a single family rental home I would like to sell. I would like to use the proceeds as a down payment for commercial real estate (raw land). Can I do this through a 1031 exchange?
Paul Christensen
Partnership across multiple properties
I am in a small partnership that is about to buy Property #2. We are organized in an LLC. Two partners would like to add funds to our working capital (from a cash-out refi) so we can acquire a larger property (more un...
Neera Melwani
1031 for 4-PLEX to larger MF
Hi BP Community! I hold a number of 4-plexes in my personal name and am considering selling them to purchase a larger multi-family property. The larger property will be required to be held in an LLC. If I am the only ...
Jeff S.
Withdrawing funds-LLC
What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
Ki Lee
combining 1031 and Drop & Swap and TIC? RE attroneys and CPAs?
Hello BP!Looking to connect with Drop & Swap expert - Real Estate attorney and/or CPA Looking to combine Drop & Swap, 1031, and TIC purchase.30,000 feet view--Ki and Daniel each owned their rental properties i...