Alejandra Tapia
Tax return for a partnership LLC with no business activity
Do I need to file a tax return for a partnership LLC with no business activity? I’ve heard of a “No/Zero Activity Tax Return” but I want to get some clarification. Much appreciated!
Nicholas Jose
How do you verify FAKE tax returns (and other docs)?
Good afternoon, BP.I'm currently doing research on how to screen applicants, particularly those who are self-employed. One way to verify an applicant's credit history would be to examine their tax returns and other re...
Cris Larreo
A cash out refi with 1 year of tax returns
Hello, Curious about the possibility of getting a cashout refi on an investment property. Is it possible to get a loan like that with just 1 year of self employed tax returns? Can provide the 2016 tax return as some...
Jordan Regier
Showing a loss, gain or breaking even on tax return
Hi Everyone, I am new to investing in rental properties as I mostly build and sell and I have a question about showing a loss or breaking even on my income tax return. Let me give you some background. I'm building a ...
Charles H.
Tax return following death in family - Assets in revocable trust
Hello,so I am working on the tax return for my mother who passed this year. I understand I will do a 1040 for my mother up until her date of death. The confusion comes with the rental income coming between time of dea...
Marvin Song
Tax deductions on partnership return for out-of-state investors
Hi Everyone!My wife and I live in NJ but own rentals in Indiana managed under IN LLC and its parent WY LLC. We are members of WY LLC with 50-50 ownership. My CPA says 'since both rentals are in another state, it is di...
Oliver Marson
Harmonizing Financial Success: Navigating the Importance of Income Tax Returns
A Tribute to Julio Gonzalez @EngineeredTaxDear BiggerPockets Community,
As we traverse the intricate landscape of real estate investment, it is imperative to delve into the profound significance of proof of income, s...
Jack Miller
Good tax returns but no job while in grad school
Hello, I am looking to buy my first property (most likely an investment fourplex), but just left my job to start a grad program. Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side bu...
Peter Wolszczak
In search of a real estate accountant for tax returns
My wife and I have W-2 income in Washington state, but have real estate holdings out of state. We need an accountant (and references) with experience in real estate and is extremely comfortable with a remote engagemen...
Asher Anthes
Tax Returns and how they will affect getting new loans
I'm about to file my 2013 taxes, and I was able to show losses on both of the properties I own after writing off depreciation, interest and repairs ect.
I will be applying for multiple mortgages later this ye...