Todd Michael
Reporting 1090-INT income on 1040 for single member LLC
In 2014 I created a single member LLC for the sole purpose of using to invest in crowdfunding opportunities. Since its a single member LLC and for tax purposes is classified as a sole proprietorship LLC, all revenue...
Navid A.
Schedule E or Schedule C
BP,
Lots of ambiguous info out there regarding these tax matters (to be expected). If I have 6 rental properties, all under a single-member LLC, is it worth exploring the option of listing income on schedule C and t...
Mark Perrine
Must choose S-Corp or C-Corp or "Pass-Through Partnership"
I've read the great posts on this subject so far. But I still feel like a chimp with a toaster.
I'm going through setting up an LLC through LegalZoom. My business partner and I will be starting our rehab bu...
Kevin Sobilo
SD Roth IRA Investing In Syndication - Transfer Depreciation?
I'm just looking forward to the future when I may wish to invest in a syndication through a Roth IRA. Correct me if I'm wrong but since the Roth IRA has no tax liability, the depreciation deduction is basically lost. ...
Mike V.
Schedule E or A?
May seem like a dumb question but I am an out of state investor and purchased 2 investment properties at the end of 2022. Both have not been put into service in 2022 but have underwent repairs in 2022 into 2023.
-Ca...
Rich Hupper
Tax deductions and Loan Qualification
Hi EveryoneI am trying to maximize self employed tax deductions while only deducting expenses that can be later be rolled back into my income by lenders. I know it is a balancing act for self employed people. So far I...
Elliot Freeman
Tax Avoidance on Duplex
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...
Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule, quality of life, and more. When is changing jobs the right move, and what are the different factors at play? Today, ...
Patrick J.
How are Married Partnerships Taxed?
If someone was married, 1. Are they allowed to make an LLC with two people or does it automatically have to be an LLP??2. Would it be taxed as a Partnership or just go on Schedule C as an LLC business income? Any pros...
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...