Hey Everybody. I am new to this site. Great to see all the local discussion. Some fantastic info!
I’m wondering if there are any accountants out there on this forum that specialize in real estate taxation? I am updat...
I've been looking at a few pref equity deals and it seems like they are all promising different taxation. Some have told me that they get taxed at lower capital gains tax rates, while others have said you get a 1099-D...
When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...
How does one manage/report income for wholesale checks issued from title co.? 2016 was my first year making money on wholesales. Do you just provide your book keeper/accountant the HUD1 or do the feds issue 1099 from ...
Hello Fellow BigPocketters-I'm Isaias, currently residing in San Antonio, TX. Fairly new to Bigger Pockets and already loving it. Great resource at your fingertips. My current situation is the following. I have 3 ren...
Hello BP community,
My name is Ryan Gnizak, first time posting on the forums here. I live in Louisville, KY with my wife and 10 month old daughter. Currently I sling product for Pepsi and I am hoping to get my foot i...
I don't fully understand how tax structuring work so here is my question and I don't have the best accountant. I have 5 houses with each home under it's multi-member LLC, my dad and myself. I have been filing each LLC...
Afternoon BiggerPockets! This is my first post, as a young and new REI I am currently looking for some proper guidance into finding a CPA that has REI experience and can help make sure my LLC is as bulletproof as poss...
Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate. I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house. The restaurant I was...
I am planning to bid on a small commercial property that has a lien on it from the NYS Dept. of Taxation & Finance. I believe this is for payroll taxes that were filed without payment.
Will this "fall off" at f...