How should I set up my business structure so that income from my rentals doesn’t increase my personal income reported to the IRS?
I currently have three properties that I purchased in my name as personal residences. ...
Hi everyone,
Over the past six years, I’ve built a portfolio of 70+ properties, primarily single-family rentals. My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to...
My husband and I set up our business as a C-Corp, in order to take advantage of the tax benefits/write offs as well as the asset protection that the C-Corp allows for. However, the first year I went to have the busin...
I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...
what would you do? i have the deals my friends have the credit and collateral, how do i structure the deal for a win win situation for us.
the first property is an investment property.
Hi, I’m new to this website, but heard I can ask all of my questions here. I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding r...
Hi all, Long time lurker and first time poster. If this isn't the right place, feel free to move it.I purchased a rental property many years ago and have been filing taxes under my personal income since I never put it...
Hi guys!One very smart person said:" If you want the multi member LLC because you are unsure if you could be contested in a single member LLC, then find a trusted friend and give them a nominal amount (5% or less) of ...
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...