Ernest Fox
Best way to offset unexpected large W-2 Income?
This year, the company I was working for was acquired. As a part of the acquisition, all my stock options were accelerated and paid out as cash through payroll. This payment will leave me with about $600,000 in W-2 ...
Matt W.
Questions to ask syndicators to prove they are not running a Ponzi scheme?
I've been diving into research about being an LP (limited partner) on many types of syndications, multifamily being the most common. As everyone knows, anybody who started a syndication in the last 5 years made money,...
Steve Podwojski
Can you go from an LLC Partnership back to a sole owner LLC
I have owned a LLC partnership for 6 years in Maryland that owns rental properties and filed tax returns. If I convert it back to a sole owner pass-through LLC will it spark an audit?Also, can I set it up so that my ...
Shan Vincent
Accounting Question- Investor with Real Estate License
I’m a realtor that manages the 6 units that we own as rentals. I’ve been doing this for 7 years. Our accountant has never said until now that I need to have real estate commissions to make our write offs more legit if...
John Morgan
Tax question for rental
I have a couple tenants in dIfferent propertIes who pay me rent in cash. I’ve had them do work on the properties for free rent without any documentation. Is this a problem? I also pay them to do work on my other renta...
Brett Jurgens
Recommending a great energy auditor in Kansas City
Just had a great experience using Ben Meyer / https://www.mystarenergy.com/ for energy audits in the KC area. I have no affiliation with Ben or his company, just thought he did a great job. Happy to connect anyone who...
Debbie Rumsey
Organizing the stacks of papers!
I am in serious need of PAPERWORK help! We own 20 doors and I have no problem managing them myself, however, the paperwork is out of control! Does anyone have a system that they use that, for instance, when you need...
Tracy Wang
Syndication tax for members
Hi I am CA resident and invested in two syndicate deals over the past two years. The syndicate property are located in GA and AZ. despite the loss each year, I have been e-filing state tax separately for GA and AZ. ...
Jason Sung
Tax return cost: CPA vs Turbo Tax
Hi, I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is thi...
Mei Li
All window AC unit property: winterization question
Dear fellow property owners, I would like to ask some question regarding winterizing your property:I’ve got a Ocean City, MD condo with only wall/window AC units. Heating during winter is completely dependent on elect...