Renee Allen
question about voting
Why do they have the public vote for the candidate if they have the electoral votes? Does the public vote count or just the electoral votes? I think if I was one of the "super" voters they are talking about that hav...
Lucky B.
Self Employed with rentals, and now a flip house
Hi All, I would like to get some help on how to best achieve my goal of flipping a property with the lowest possible tax burden. I recently bought a home, and I had plan to resell it, until, a friend mentioned someth...
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
Miguel Feliciano
Multi-Member LLC Taxation
I recently filed for an LLC with the state of Florida that includes myself and two others.When filing for an EIN, if I choose to be taxed as an S Corp (form 2553); will my LLC become an S Corp or remain as an LLC with...
Joe Fermin
s corp vs llc
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info
Nitanth Vangala
Drawback of combining future properties under real estate hours
Hey guys,I may be interpreting this all wrong so please feel free to correct me. In reading the code on real estate professional status, it is mentioned that each rental property is listed as a separate activity. You ...
Matthew McNeil
Partnership LLCs Required to Adopt New Tax Audit Agreement
I came upon this recently and wanted to share it because I'm not seeing it in other posts. The Bipartisan Budget Act of 2015 effective January 1, 2018 requires all LLC partnerships to adopt a Tax Audit Agreement. Bu...
Jordan Sizelove
Should I start now or wait?
Hey everyone,
I'm fairly new here, but I'll be staying for good. I'm also fairly new real estate investing. Haven't done any deals and just starting out. I plan on starting a rei company. My focus will be sfr flips. ...
Laura Kreinbring
Tax Advice, long-time tax platform user depreciation basis adjustment
This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...
Ronald Pryce
Getting a LLC or S corp
Just bought my first rental property and currently in the final stages of renovation. I may not get a property manager to manage it for me.Should I look to get an LLC or S Corp?And What's the difference when dealing w...