Leo Hurtado
Out of State tax for a new LLC
how to file my taxes for 2019, when I have an LLC in calif. and one in texas under a LLC in wyoming. I need help are there any tax people out there that can help me without costing me an arm and a leg. I live in Cali...
Account Closed
negotiating with lien holders after sale - purchase @ sheriff auction
Just left the Sheriff's Auction here in Omaha this morning. One of the properties I was going to bid on has a $17,000.00 federal tax lien on it, $63,000 mortgage which is in default, $6,000 in back taxes. This auction...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Brittney Wright
Taxes for Out of State Investments
I am looking for clarification on the tax implications of purchasing investments properties outside of the state of Texas. I currently reside in Dallas where my LLC was formed and will remain based. I am considering p...
Roger Grubb
As an out-of-state investor, what questions should I be asking my future tax person?
In the past 2 years we've purchased one turn-key rental, one fix-and-rent, and 4 turn-key duplexes in 2 different states. All currently held in our names.
I don't think just any tax preparer can handle our situation....
Andrew Galloway
Has Anyone in CFL Bought a STR Recently (2022+) to Offset Their W2 Income Tax
Hello Bigger Pockets CFL community. I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income. Since the market pre-May 2022 just is not comparable anymore I am interested i...
Cameron Belknap
Rental Property Depreciation Cash Flow
I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...
Tasha Davis
But, how do they do it.
how are people able to buy so many houses so quickly? My boyfriend is buying a house (duplex) and I am also buying a duplex( we will be living in mine). Are are you able to save for federal tax on rental income, money...
Yi Chu
How to file tax if there is no business activity
We set up an LLC in Q4 2023, so there was no business activity last year. How should I file federal and state (North Carolina) tax return?
Shanita Parker
Business License
I friend of mine that flips houses told me that's all I have to do is get a free EIn and pay for my business license (which is only 25.00 in this state) in order to be considered an official business. She told I don't...