Hello new to the forums here, first off I'm loving the site and plan to use it to it's full potential.I have alot of questions but I figured I'd start out with something that is relevant to my current situation. I cur...
A friend of mine recently retired with a very, very substantial amount of money in his retirement accounts but is now having issues getting funding for a personal residence. He currently lives in CA, and is in the pro...
So I needed a few things. I need my invoice to match what Airbnb sends me for payout and I need the sales tax to be what is actually taxed so that QB can keep up with it for me. I worked on this with my accountant s...
For those that own rental property, do you use an accountant or a computer program like Turbo Tax to do your taxes?
Hi everyone! I bought a house this year and I’m worried doing taxes. Where do y’all start? I obviously want to pay the lowest taxes over time. How do you write things off? Where do I start?
I am starting out from scratch after my divorce and am interested in setting up the right corporate entity and accounting for all of my expenses appropriately. I expect to use the income from flips to grow my landlor...
While I greatly respect accountants, I want someone to explain why they're worth the fee for 90% of buy and hold investors. This year my refund was $3,800. My total tax prep fee was approx $4,200 (not unusual if you a...
Can someone explain the options for cashing out money from an individual stock to then invest it in real estate? My wife was given a lump sum of stock in an individual company (Big corp./low risk) that a family membe...
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
I've been considering hiring an accountant to handle the accounting for my short-term rental properties. For those of you that have hired an accountant, was it worth it? Also when looking for someone to handle my book...