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Hello! I am trying to figure out how house hacking and filing taxes works. If I am renting out a room (or two) of a home to an unrelated party how do I report that income? What benefits would I receive? Any tips and t...
Hi all 1031 exchange experts or CPAs.... I sold my property in November of 2020 and closed on my replacement property in March of 2021. What (if any) are my S-Corp filing requirements for the 2020 tax year- do I need ...
Looking for advice on how to file 469c7 election and ensure all properties are treated as a single entity. I can write a letter, but I would like to file electronically, so I wondered if there was another way.
I am planning to file an LLC in AZ where my first rental is purchased.
1. Can I file LLC using online services and generic operating agreements for a married couple? manager managed instead so only my name is displa...
I'm trying to get extensive electrical work done on a rehab and I signed and notarized the notice of commencement so the contractor could pull the permit and they called me on Friday at 4PM and told me I had to file i...
Tax Question: I formed a 2 member LLC in 2015 and purchased a building with it. I was just told that since it's a 2 member LLC that it will be taxed as a partnership, and given the changes in filing dates this year,...
my church is buying a property in MD. currently the property is leased to a senior care operator, owner collect 6k rent each month. it has been going for 15 years.15 years ago owner bought the property with grant from...
Just starting out. Analyzing deals for a year and ready to act. Flip to start, but buy and hold multifamily rentals in the future. I need to form an llc to obtain the HML required for this particular deal. Any advice...
Hello and thank you. I am moving from Michigan to Chicago and will be renting out my house in Michigan. I was wondering which state I should file the LLC in. Along with that does it matter where I set up the business ...