Ken Sanders
LLC owns my primary residence -- $250k exemption apply???
I have a single-member LLC that owns a residential property. The property is my personal primary residence. If I sell my house in, say, 3 years, am I still eligible for the $250k exemption?
Daniel Sisto
Lowes, Home Depot Sales Tax Exemption on Materials
Whats up BP???Looking to see if any house flippers have tried to file for sales tax exemption through there business at Lowes , Home Depot or any other big box store?While I was in Lowes the other day one of the empl...
Marc C.
The NEW Dodd-Frank-exempt Lease Option Concept
The NEW lease-option design...As I understand it, one of the requirements of the new Consumer Finance Protection Bureau, birthed from the Dodd-Frank legislation, is that ANY lender in an installment sale has to verify...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Ebony Bryant
California 2020 Rent Control Exemption - Owner Occupied Duplex
Hi!
I'm buying a duplex in South Los Angeles and I'll be living in one of the units. The tenant-occupied unit is paying 1050 for a 2 bedroom + 1 bath. I've been reading up on rent control and I see that according to ...
Gina Cresse
Franchise and Excise Tax Exemption form for Georgia?
Hello,I used my self-directed IRA to purchase a rental property in the state of Georgia in 2016. I have a California LLC that I registered in Georgia and I file an annual LLC report for it. I also have a rental proper...
Account Closed
506(b) exemption for an LLC (small deal)
Hi BP,I'm in the process of raising some equity for a commercial deal and I've been reading about securities law. I'm still getting my operating agreement together, but the general structure will be an LLC of which I ...
DJ Roshan
Capital gains exemption on primary residence with rentals.
Hello, I am wondering if the capital gains tax exemption of up to $250,000 for filing single, $500,000 married still applies to a residence that has a primary residence but also several rental mobile homes. Any reason...
Art Maydan
Chicago Security Deposits - Who's Exempt From Paying Interest?
I'm giving back a security deposit for a 1-year lease that just ended (Have since switched to fees). It's a unit in a triplex (not owner-occupied). Do I need to pay the 0.01% interest on this? I'm reading Domu and the...