Laura Kreinbring
Tax Advice, long-time tax platform user depreciation basis adjustment
This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...
Marija Petrovic
LLC Transformation - from partnership to single member
I have a questions hopefully someone can help me here, I am transforming LLC from partnership to single member, on state level is fine, but I’m intrested on what to do on federal level? Do I need to dissolve entity an...
Travis Buck
Possibility of being audited??
I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...
Account Closed
Can I share Quickbooks via Dropbox?
I want to share a quickbooks file that I set up with a JV partner of mine and am trying to figure out the best way to do it? I have QB Pro 2014. It would be nice if we could both make changes, otherwise it might sti...
Tanh Truong
Adding Member to LLC. 8832 and EIN?
Hello EveryoneMy partner has filed for an LLC (Cincinnati, Ohio) back in February as a single member and we have made an Amendment to include me as a 50% owner in the LLC. Currently, I believe the LLC is classified as...
Gulliver R.
Changing the name of a property
How do you change the name of a property at or after closing?
Billy Rogerson
2 Member LLC Filing Date
Tax Question: I formed a 2 member LLC in 2015 and purchased a building with it. I was just told that since it's a 2 member LLC that it will be taxed as a partnership, and given the changes in filing dates this year,...
Kenny Lindsey
tenancy in sufferance(roommate issues)
When is it a good time to take legal action for rent not paid. Is it a certain dollar amount or maybe when you don’t want the reputation of being the one that lets tenants go on rent not paid. Recently had a roommate ...
Julio Gonzalez
Amending Your Tax Return vs Form 3115
Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset. The IRS has multiple ways that these errors c...
Melanie P.
llc management
I set up an LLC, intent being that i would buy a property and rent it out. so the LLC has Agent listed as Legal Zoom, and myself as manager, with my own home addressmy plans have since changed and i will need to move,...