So I’ve been looking into how LLCs get taxed. I also learned how corporations get taxed recently. I was wondering if any of you rolled your LLC into a Corp to reduce the taxes you pay? I’m curious how this would fit i...

Hi,I cannot find any literature from the IRS on whether contributions to a Solo 401k from an LLC taxed as an S Corp have to come from the businesses account or if they can come from a personal checking account. My acc...

What software do you recommend to RE owners/business accounting for rental property passive income and flip accounting. I heard that Quick Books is great?

I listened to my real estate agent and opened up an S corp few years ago, since then I have purchase a few rental properties and was able finance a 2 of them and purchased the rest in cash.  is financing/buying a new ...

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

Is a c corporation the best business structure to keep business income and taxes seperate from your personal filing???

I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...

Need any feedback or advice from someone who used their 401k to invest in their own company. I know I can get a loan (50% or up to $50k) but ideally I would like to have access to the entire amount without triggering ...

Hi, After how many properties should we incorporate in Canada?  Are you allowed to claim CCA for Tesla (Zero emission) that is used to manage residential properties in your personal name?

Help me make a comprehensive list of all the tax benefits of owning rental real estate!So far I have:-Depreciation =deduct home price (divided by 27.5) from your income, rental for active income-Rental income is taxed...