Christina L.
Arizona (Phoenix or nearby) Accountant Recommendation
Hi all - I am an investor in the Phoenix, AZ area with 145 units in Tucson and multiple flips/developments in the Phoenix/Scottsdale area. Does anyone in the area have a good recommendation for an accountant? I looked...
Account Closed
gain/loss on sale of rental property
In 2007 I bought a condo for $190k. In 2013 I moved and converted it to a rental as I was too far underwater to sell. The market value at that time was 70k (basis for depreciation). I've taken about $8,000 in depre...
Jeff Lever
Tax Questions on Quit Claim Deed - Claim Gift of Purchase?
I've tried to make this as brief as possible to avoid boring anyone to tears, so please ask any questions you might have. I'm trying to determine the best way to structure this real estate deal with my father-in-law(F...
Sergio Altomare
Tax approach for managing our own properties through an LLC
Hi Everyone,
Being that I have pushed the limits on time to do my taxes this year through an accountant, and being that I have been doing my own taxes for a long time, I am making an attempt to handle them ag...
Bill Henley
Parking cash in one's own properties: help me whiteboard it
Our LLC owns seven properties in St. Louis: 1 single, 2 duplexes, four 4-plexes. All have mortgages. We are selling our primary residence, located in California. We will be netting a lot of after-tax money from this s...
Dwayne Hayes-Ward
Newbie from Irvington, New Jersey
Hello I'm Dwayne, from New Jersey. I'm a Investor/Developer, my goals in real estate are to invest and redevelop ran down areas via fix and flip, buy and hold and purchasing commercial properties. Any tips, knowled...
Robert Harwood
Yellow Brick Road-Debt Question-Converting Shorter Term Debt
Hello BP Forums, I got started investing in SF rental homes back in October 2018. I currently have 7 properties I have acquired through the BRRRR Strategy. The 1st home was purchased with cash, renovated and refinance...
Bienes Raices
Reusing last years tax forms
Staples doesn't appear to have the 2012 1099-misc contractor kit available yet--will IRS mind if I just use the 2011 forms?
Taft B.
LLCs and Accounting Strategies
Hello all!Newbie here looking to get my first few properties this year. I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to...
Roy Williams
Tax Consequences of a Foreclosure
Hello Folks, was curious to see what the tax consequences are if you have an investment property foreclosed.
Are you taxed the following year on the full amount of the debt? Are you taxed on the differential between...