Srini K.
Alabama Tax Lien - What to do once bought
If I bought a tax lien in Alabama for a commercial property, is is best to start seeking possession or wait for the interest to accumulate a little before filing for possession? I realize there is a 3 year rule to hav...
Christina Eastwood
Probate mailing search dates
I am doing a search for probates and I am wondering how far back I should search. 3 months from today? 6 months? Open or closed cases? I've heard it both ways. I really need a range of how far back I should search. I ...
Brandon P.
Out of state rental. Indiana state income tax
HiJust wondering what will happen if I don’t file state income in another state.? The rental income is likely 5-15k in Indiana ( not sure)
David R.
Tax Implications after adding 3 units.
Hello everyone. Looking for a little guidance on my property in Los Angeles.My long time CPA has passed away and we are looking for some guidance. We finished construction of 3 additional units on a property with a du...
Yaping Zhang
Additional Insured for Property Manager
Hi All,My property manager needs me to put them as additional insured, but I quoted around, many carriers just don't allow that. One carrier allows additional named insured, but don't provide additional insured option...
Michael M.
Delinquent Tax on Free and Clear Property
Property in Los Angeles County is free and clear of a mortgage but delinquent on property tax this year. Property may be subject to probate as father passed away but children are slobs and house is falling apart due t...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Omar Johnson
Choosing A Business Structure For Your Real Estate Business
As a real estate investor it is important to choose a business structure that gives you the maximum asset protection as well as the best tax advantages. Although I can't advise you as to what type of entity you should...
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
Hello everyone,
In July 2024, I created a partnership LLC with my girlfriend to buy a rental property. We are now married and I expect we'll file our 2024 taxes jointly. We live in Texas, a community property state, ...
Aaron Landau
Paying taxes on rental income
Hey all,I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the e...