We have 3 LLCs, one of which is a Series LLC. One of the three is the managment company owning no assets. All rents and expenses go through this LLC. The remaining funds are then sent to the other LLCs that own the p...

Hey all,Curious if anybody has found a "one shoe fits all" place that they can input all of their deductible items in, so they know roughly how much they might owe/be due when tax season comes around.I found one excel...

My wife and I are partners in an LLC that just sold a flip. The expenses were paid from the LLC account for the 14 months I worked on the house. The house was in my name, not the LLC, so the settlement proceeds had to...

The single most powerful way to accumulate (and keep wealth) through real estate is to purchase it in your ROTH IRA account. Purchasing within a ROTH IRA is using "Post-Tax" dollars, in other words, you have already p...

My question is, as you acquire a property you obtain a significant hit with closing costs.  How do you roll that into your monthly, or annual breakdown for net profit?

I live in PA and have a PA LLC... I am looking at purchasing investment properties in NJ. I was curious if anyone who has done this has had to pay any sort of tax or file a NJ State return? I just want to make sure I ...

I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?

You can't commingle funds, so how do you spend the money y...

Everything when it is time to pay for property tax, my property manager would pay the property tax for me using money from her own account, and then transfer the same amount from the rental property business account t...

Hi All,I am not a US resident and live in Australia. I have sold my US investment property in 2023. For Tax Return 2022, it is my first time I need to pay tax to IRS ($269). My accountant gave me instruction for payin...

Like most of us, my conception of one's career most of my life thus far was pretty plain vanilla - work hard, grow your W-2, and save the max possible in your retirement account. Like many others have echoed, I read R...