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Results (10000)
Hudson Porter Puerto Rico income tax on retirement income
17 August 2020 | 4 replies

I’m taking a hard look at moving to and residing in Puerto Rico. My first question is will my union pension and social security income be taxable by anyone.  Researching this online the Act 22 always hijacks the searc...

Earl Stewart Jr Filing taxes for 1st flip project bought with Scorp. Which forms?
19 February 2021 | 2 replies

Purchased property in 2017 and sold in 2020. It was bought under my S-corp. I know that S-corps file 1120s but where does the sale of property go? Schedule D or Form 4797? What about the closing costs? I should includ...

Jay Clegg Can I leverage a 401k for my first REI
10 December 2019 | 5 replies

I have an active employer contribution 401K and was wondering if I can leverage a loan from it to start with my first deal. The cool thing about it is this particular investment firm offers a 7.5% return to myself for...

John Grover How to minimize tax on flip gain
24 January 2018 | 6 replies

I am curious what vehicles are being used to not pay capital gains tax.

Situation.. flipped house with LLC, will have six figures at closing in a couple months. Will I be relying solely on the expenses I can run t...

Bradley Elrod Renting to my child
22 April 2024 | 4 replies

We recently purchased a home to rent to my college sophomore and her roommates.  My daughter will not being paying rent.  1. Should I have her sign a lease agreement?2. Does the fact that she doesn't pay rent pose any...

Christina Hsu Tiebreaker needed: different opinions on spouse LLC
12 April 2017 | 3 replies

I have asked several different tax providers, and gotten different answers to my questions each time. I need a tiebreaker! Here's the situation: My husband and I created an LLC in Indiana purely for real estate invest...

Michael Jones Jacksonville, FL Market
26 December 2018 | 13 replies

Has anyone had any success or failures in the Jacksonville, FL market? Most of the articles and reports I read rank it as a good place to invest, but the taxes and Insurance are rather high to me. Looking forward to y...

David M. 4 Unit w/Seller Financing option - suggestions?
10 January 2017 | 3 replies

Hello BP'ers,I had someone call me regarding a 4 unit that he's interested in selling, but is concerned about taxes and recapture costs. Property was purchased in 1989 for 165k, current market value around 270k. Owner...

Huy Nguyen Gift of equity
26 August 2024 | 5 replies

Hello group! im new here and this is my first post! I have a question in regards to gift or equity.My parents have a house they wanna get out of a payment. They owe 68k, it does need some work, I’m willing to put in t...

Chris Lauer Accountant references please!
10 September 2017 | 10 replies

Hi all,
I'm looking for references for a REI accountant for tax advice in the Baltimore, MD or Baltimore County area.

Any help is greatly appreciated!

Thanks,
Chris Lauer