Hi Guys, when you sell a property that is under an LLC to an other investor, do you have to pay the capital gain?Please help!Merci.Guillaume
New PM with local real estate brokerage. Need to know what best legal business entity to establish as independent contractor? I assume it is necessary to begin with?
I own various rental properties under a LLC partnership and I self manage those units, what is the best method of writing myself a check every month for property management? Do I issue a 1099 to myself or am I forced ...
Hello! I am new to BiggerPockets and a newbie to tax deed sales. I had a general question, if a bid is won on a tax Deed property, is all lien associated with the property cleared/wiped off?Thanks in advance!
Hello all you smart people......I have been a stay at home mom (my husband works a 7-5 government job) and commercial real estate investor for the last 20 years. Every year I discuss our return with our tax preparer ...
i opened my corp in July and wasn't able to take a wage as the corp made like 6-8k can i just take a distribution, what would you recommend i do?
When you go to sell your rental property, typically how much do you lose to capital gains taxes? For instance I have a rental property we purchased in 2008 for about $60,000 after rehab and fast forwarding several yea...
I'm hoping a tax expert can answer this question I have. In my current job, I make close to the fica cap which my employer pays both employer and my portion as the employee. I only contribute the matching 5% to my 401...
If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
Just when you think you have handle on the various types of RE deals out there another one comes your way you don't know how to handle.Okay so I have Ted and his mother Chelsea. They own a property together, that I w...