I have one rental property that is under my personal name. I'd like to buy a second and put it under a LLC. My question is, since I've never ran a business under a company name, how do the taxes work? Will my LLC pay ...
Hello everyone,I am a wholesaler in PA. Just spoke to a title company and the attorney there told me that in PA I am a subject to paying taxes twice. First transfer tax between me and the seller, then the second time ...
Hey there! What do you think about crypto wallets linked to a bank card? As far as i understand tax authorities don't know who conducts transactions with cryptocurrencies, to what extent and for what profit.
Here is my situation. I bought house in 2007 and lived in it from 2007 to 2012.
In 2012, I bought a new construction and moved into it in August of 2012. I kept my other home and converted it to a rental.
I was thin...
Hey all. I have a question that may seem like an easy one for some, so decided to give it a shot.My mother in law recently sold her home. She was on the deed with her father who had passed away a year ago. She was on ...
Do you have to pay taxes on your monthly cashflow?
I want to ask advice on the setup that will be best for me: 5 rentals (1 in California and the rest in Florida). What would make the most sense? Several LLCs in an S-corporation for asset protection? And a combinat...
Is there a good reference on taxation for real estate investors. let's say for BRRRR that could possibly cover Canada? i'm looking for info about how to structure a company, adding JPs and so on.
I recently filed for an LLC with the state of Florida that includes myself and two others.When filing for an EIN, if I choose to be taxed as an S Corp (form 2553); will my LLC become an S Corp or remain as an LLC with...