Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...

I'm just getting starting in real estate investing, have one property that nets roughly $2k every month.  The tax shelter is one of the things I like about real estate (since I have a day job as well).  And before goi...

If the Republican tax plan passes the state income tax deduction will likely be limited or lost altogether. Accordingly, if you anticipate a large state balance due for tax year 2017 you may want to consider paying t...

Hello all! New to the website and this is my first post...

I'm a new landlord so I apologize if this is a silly questions but...do I need to apply for a Sales/Use Tax license and pay sales tax on rental property inco...

Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...

Hello all,I'm seeming to have trouble finding a reasonable tax expert to help me with my taxes this year. I created an LLC in another state towards the end of last year for real estate purposes. I still work my W2 job...

Quick QuestionAre you taxed on rental income aka the total rent you charge per month or are you taxed on the cashflow after mortgage, interest, insurance, HOA fees, utilities, fixtures, etc. etc. are all paid?Like if ...

https://www.biggerpockets.com/renewsblog/2015/04/2...I would like to use an example where the refi actually nets money.  For instance, buy a property for 30K, fix up for 20k, refi at 70K (assuming 100K ARV).  In this ...

Multi-family owner-occupied home—I live in the bottom apartment. Partner and I have an LLC and, to be fair, since we both purchased the home 50/50, I’m paying “rent” each month to the LLC. We can now only deduct the...

Hi everyone, in my last post I wrote about the tax benefits that non-real-estate professionals enjoy by investing in a syndication. There were some wonderful answers by Charles LeMaire and Roni Elias among others. It ...