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...
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...
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...
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...
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...
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...
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...
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...
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...
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