Davit Gharibyan
Corporation or LLC
Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
Kevin S.
Use up retirement account for REI or non-retirement account first?
Hello BP members,Have any of you been there and done that? Left the market, completely or partially, and had to choose between using funds from either accounts? Which did you choose to dip in first and why? Looking ...
Joel Lazar
Florida Sales & Use Tax
I am using Avalara to manage my sales & use tax certificates, Licenses, Returns and remittance besides what Airbnb remits. They do an okay job but it still involves more work from me then I have time for. Anyone h...
Yashank Choksi
Recs for Good CPA in the CLT Area
Hey everyone, I am looking for recs on good CPA for me. I have just started investing in real estate and I have 1 property under my belt so far. Does it make sense to have my own CPA when I am starting out or I should...
Tripp Warren
Types of Bank Accounts for revenues?
Hi all, I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...
Kay Li
Real Estate Friendly Accountant in Boston, MA
Hi all,Does anyone have any recommendations for real estate friendly accountants in Massachusetts? Thanks in advance!
Les Edwards
Australian based US Citizen Looking to Get Started
Hey everyone, figured this was the best place to post. I'm a tax accountant in Australia with a strong background in property investment here, so pretty knowledgeable of the general gist of property investment and giv...
Daniel Cruz
SDIRAs, UDFI and UBIT
Hi All,
I am researching buying rental property w/ a SDIRA. And after talking to a SDIRA custodian, she schooled me on non-recourse loans and the taxes associated w/ purchasing leveraged property.
So I am wondering...
Haickel Padron
Hsa investment question
I have an HSA thru my job. If i transfer money from that HSA to my bank account is considered cashing out? What kind of 1099 they will issue? I want to invest it in my own bank with interest but how can I show to the ...
Andrew Grieb
TSP LOAN Interest
BP,So last year I took a TSP (thrift savings plan) loan out of my TSP retirement account to fund some real estate transactions. The loan from my TSP gets paid back to my account and it pays the account 2% interest ((...