Samantha M.
Standard 3rd Class Postage
For my latest batch of mailers I was considering using Standard 3rd class postage because it is quite a bit cheaper, 10 cents cheaper in fact which is huge with the quantity I am mailing.
My question is, gen...
Account Closed
Form 1098 for private lenders. Reporting MUSTS
Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098. Let’s break down these pr...
Zachery Buffin
A brokerage to hang my License at in Tennessee
Hey everyone, I have a Tennessee real estate Associate Broker License but I need a place to "hang" it so that I can operate as my own agent for real estate deals. I am willing to help other agents with marke...
Alan Faitel
the rule about 2 out of the last 5 years rule? IRS
My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...
Joe Splitrock
Zillow Hates Landlords
Do I really think Zillow hates landlords? Well actions speak louder than words. I was surprised to get an e-mail encouraging tenants to not pay rent until August 24th. Landlords and realtors are the main revenue sourc...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Chris Jefferson
Short Sale Flopping
Not sure if anyone has seen this. Thoughts?
http://www.latimes.com/business/realestate/la-fi-lew-20100905,0,7858564.story
Brian S.
20% pass through deduction for 2018
I own an insurance agency and over the last 13 months I have bought, rehabbed, and rented 5 SFR’s... I actively manage the properties and I run them like a business. I meet/screen prospective tenants, I cut grass, pai...
Will Carson
Does anyone know if a House-Hacking landlord can enter a tenant's room?
I rent out the extra bedrooms in my house. I have a nightmare tenant who is moving out in 8 days (can't come fast enough!). She is not staying here tonight and she has left all of her lights on and her blinds are fu...
Julio Bradley
LLC and 1040C
I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...