There's a lot of discussion on the Trump and republican tax reform and how it can impact housing prices, local taxes and state taxes etc.The thing that really affects us Landlords, home owners, property owners are LOC...
Aloha everyone! I hope all are doing well during these unprecedented times. I'm looking for quick tax advice on how to file my couple flips and really appreciate your time and knowledge!
General info: I purchased t...
Hey Folks!Is there anything different in terms of STR tax loophole if I do STR by the rooms? I am looking at a 3/2 house which I think might work well if I rent it by the rooms. But I am not sure if there is any thing...
Are there any tax disadvantages to transferring rental properties to a single-member LLC with disregarded status? In particular, would this have any adverse impact on the stepped up basis applied to properties inherit...
I own a single condominium unit in Washington DC that I previously lived in. Last year, I moved out of state to take a new job and turned the condo into a rental. My tenants gave me notice that they needed to move out...
Hey all,I have a regular W2 job that provides a substantial bonus check annually. Over the years I have heard of gossip that changing my withholding for this single paycheck is the best tax strategy. My employer combi...
Hello, I am reaching out because I have a few questions about taxes and an LLC:
1st. For Tax purposes; is it better to start a Single Member LLC if you are a married couple and your business is a Home-Based LLC? ...
I'm considering purchasing a home for my mother to live in, since she is currently renting and unable to purchase a home for herself. I will charge her fair market rent, but I want to make sure that I am able to claim...
I'm looking to buy my first investment property and I had a question. I own 40% of an LLC. Do the debts incurred by the business impact my DTI or are they viewed as a separate debt?
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?