Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Adam Guard
How to find out who is filing for evictions in my county/city?
Hey Everyone! We are really struggling to find houses to purchase right now and I heard about this strategy of finding out what landlords are filing evictions in my area and then contact them to possibly buy their hou...
Jason Matthews
I want to Double Close in multiple states with LLC filed in NY
Hello Everyone,I would like to look for deals in multiple states and I found a lender that said they can do transaction financing so I can do double closing, but all I need to do find the deals. My issue is that if si...
Gary Li
How to file Tax Return after Transfer the LLC to the 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...
Kenneth Davis
Renting to an individual who Filed Chapter 7 Bankruptcy and foreclosing on home
Would it be much of a risk to rent on a month to month to an individual who filed chapter 7 Bankruptcy back in 2012 and is forceclosing on his home this year? I have only had 2 applications turned into me, in a 2 mo...
Jim S.
How long do you keep the file on tenants after they moved out?
How long do you keep the file on tenants after they moved out?
Keith Gilbey
Does out of state owner need to file a tax return in Ohio?
Hello, looking for some advice.I live in California and last year purchased a single family rental property in Englewood (Dayton), Ohio. I went to do my taxes for 2020 and my preparer told me I also have to file a re...
Brandon Chidester
Tips for filing a 1099 while also being a full time W2 employee?
I appreciate anyone willing to share some tax advice! I am currently a full time W2 Employee. I also do real estate transactions on the side as a 1099 Real Estate agent. I have to believe there is a great number of in...
Zack Tran
How do I file taxes for house if owned by 2 separate individuals?
Hi everyone,Now that tax season is soon dawning upon us, I was hoping to get some insight on the best way to file my taxes being that my friend and I both own the property and are filing as separate individuals.In ter...
Rose M.
Form 1065 - Filed for an EIN now but formed the LLC in 2014
I formed an LLC back in August 2014. I did not do anything with it. Recently, I decided to try again so I applied for an EIN # with the IRS for this LLC - never got one when I first formed the LLC. Well I got the E...