Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment".  I invested in a Single-Member LLC, of which I am the "Single-Member".  The single-member LL...

The backstory is that I bought a duplex in 2014, and I've taken depreciation on something at some point in some way in TurboTax, lol. This year I did lots of rehab, mostly interior, and I've been trying to be much bet...

Funds come in direct deposit in to bank account A X Percent stays in A Y Percent goes to B Z Percent goes to C B and C have the option of being Checking or Savings. Is there a bank or an app that can make this happen?...

Hey all,So I have a plumping bill coming that will be fairly expensive.Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expen...

I currently have a rental property for sale. I spoke to my accountant about doing a 1031 exchange. His advice was pretty simple. I can pay the known tax rate of 15% today or hope that the tax rate doesn't increase and...

Hi All! I'm looking for recommendations of real estate investor/agent friendly accountants. Does anyone have an accountant they highly recommend familiar with TX & NY? Thank you!

I’m tempted to pull from my retirement accounts to buy more real estate. Thoughts?

We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...

I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...

My parents own 4 properties with a total of 37 units. I recently started helping them with the business and I want to help them organize their accounting better. My questions are:How do you all do your accounting with...