Neil Copeland
Reducing Income Tax Strategies
Need some help from some seasoned professionals. I had a great discussion with my CPA today about a number of things that I needed to know, and she really tuned me up. I will have a solo 401k soon, and I already hav...
Jeremy Komer
Not Enough Money to do all 3, Have to pick 2 =( need help picking
Hello everyone, for once I actually have more good deals on my plate than I can actually finance.I feel safe doing 2 because I like to have a solid amount of money to deal with unexpected items like furnaces or water ...
Andrew Thomson
Depreciation for tax purposes
Hi there,
I'm unsure of the tax rules in USA but I'm familiar with them in Canada and I'm assuming they are similar with respect to depreciation (CCA in Canada). I'm relatively new (3 years) to the accounting world a...
George Bittar
New TIN# or Ammendment Needed?
Hello, we just closed on 12/30/15 on a new property and part of the structure was taking over the LLC that was created for the intent of assigning to the end buyer which was my partner and I.We are getting push back f...
Lindsey Milam
Question on 1031 replacement property sale
Hi ya'll!Is there a calculator to determine the final capital gains taxes I would pay on the sale of a replacement 1031 exchange property? I'm struggling to decide if we should sell our STR. Profits average $30K/yea...
Doug Williams
primary residence tax ememption, sold in LLC
Curious if anyone has tax advice if a primary residence was lived in for 4 years, converted to a rental and placed in LLC for a year, then sold. Is the gain subject tax or can it fall under 2 of the last 5 year rules...
Andreas F.
Tax on US rental income for a non US resident
Hello,can anyone pls provide some light on the taxation for non US residents on rental income?I have a german passport and live and work outside the US. How much tax do I have to pay for the rental income, e.g. owning...
Sunny Yu
How to reduce taxes on a home sale as an unofficial partial owner?
So if I contributed some money to my dad when he bought an investment property - I made the PSA deposit during the transaction. Verbal agreement is I’m part owner of the property, but we’re flexible on semantics as lo...
Derp Gurp
Regarding depreciation and tax credits - Question
Hello everyone.I've been scouring the internet for a while and I can't seem to come by depreciation. What an accountant has told me is that depreciation can stack year over year if you have excess leftover. For exampl...
Account Closed
Taxation of foreign/US earnings
Greetings everyone. For foreign investors here in the U.S., how have some of your earnings in the U.S been taxed? This could be either earnings from rehab projects or rentals. Do you have a preference in terms of stru...