Hi,I have an LLC that I opened for my real estate properties and have an opportunity to loan $30,000 for 10% over 1 year. My question is what would be my tax on the profit? From reading other posts do I understand cor...
How are 1) cash flows and 2) any equity gains upon disposition treated in multifamily syndications? I've never been through one round-trip.My understanding is this: the cash flow distributions are not taxed because of...
hi guys, im a usa citizen living in canada. im looking to invest (out of state;)) south of where i live in vancouver, canada. Im just curious about possible financing and taxation. does my dual national status help m...
I have been setting money aside in my LLC for vacancy, repairs and CapEx in the future. Is that money taxable at the end of the year, and if so, are there best practices for how to handle setting the money aside (i.e....
I suppose I should be consulting a tax attorney but before doing that I decided to get some feed backs from other real estate experts on this forum.I had 2 real estate investments which I sold about 1-2 years ago unde...
Please recommend an accounting firm for book keeping and filing taxes for LLC and contractors for a group home (operating from Laveen/Phoenix)
I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
My Mother passed this year and had all her real estate (8 rental properties netting about $100k per year) in a revocable trust I'm the trustee of the trust now. It's my understanding that the trust has automatically ...
Hello Everyone,
I have decided to form a LLC for my next rental property. After speaking with an attorney I have a decent grasp on the pros and cons of having my wife as a Co-owner of the LLC. When asking about the s...
Hello,Would I be double-taxed on income tax if I invest in Indiana as a CA resident? Does this happen at all (in any state-to-state taxing), or are there always credits (i.e., paying Income Tax in only one state)?