Rehaan Khan
How to file taxes under 'gross income' for house flippers?
Hello, Does anybody know how to file income from flips under 'gross income' on tax return as a self employed flipper? There is a section to report it under, 'sale of business property', but that doesn't add up to gros...
Jim Morris
How do you file against a contractor's shoddy (roofing) work
It pains me to no end to be writing the post. But we need some help/advice/ideas.
We own a duplex in Florida, it's right by the beach and we are out of state LLs. We had a new roof put on right at 5 years ago. As we ...
Jeff Rutland
SFH Portfolio: Do you use an accountant for filing taxes?
As I accumulate SFHs for passive income, I'm wondering if I need an accountant. I've always done my own taxes (including a single rental) using TurboTax. I'd love to hear folks thoughts on the pros/cons, especially ...
Natalie Kolodij
Title transfers - Do you utilize a company or self file?
Hey guys, I was just curious- on the first mobile I flipped I went downtown and filed the paperwork my self for purchase...which obviously saved some money. But was a huge hassle. The next one I used a title company f...
Andrew R.
December rent posts in January--what tax year to file?
Hi, long question: I use a property management co. They collect rents for December and pay me out at the end of the month--the money hits my bank account on January 3. Some maintenance jobs were done mid December, wh...
Account Closed
1/3 Directly on Schedule E or File a 1065?
Hi All,Hoping I can get a start on the best way to file. We chose this strategy to allow the max number of mortgages. Partner A purchased 1 property (A is the only person on title and mortgage) Partner B purchased 1 p...
Steve Welsh
Using One quickbooks file for both management and holding LLC's
Hey guys, Quick question. Currently I own two properties (my personal property has a secondary unit that we rent) and I bought a SFH a few months back that we are renovating now and have a holding LLC set up to own th...
Javier Campanini
Looking for a Lawyer in Jacksonville to file private mortgage
I have a friend that's interested in making a loan to my LLC, and having the loan backed by a property the LLC owns. I believe this requires a mortgage to be filed with the county, and either a lawyer or title company...
Gilberto Watson
Should I file a schedule c? I have an LLC
I had some business expenses last year like BP membership, took pre license classes to become realtor, etc. I spent about & 1,000.+ mileage. Should I file a schedule c?Gilberto
Gary Li
How to File Tax Return for LLCs in Living Trust
I just Transferred AAA LLC (me and wife owned 50%-50%) and BBB LLC (me 100% owned) to our revocable Living Trust, before AAA LLC file Tax Return with form 1065 and BBB LLC file Tax Return with Schedule C, What form sh...