Matthew Gray
How is interest income taxed in LLC?
I have a unique question I’m getting conflicting answers on. I made a real estate investment in my single member LLC in 2018 and was issued a 1099-INT. I did not receive any other income within that LLC in 2018. I ...
Rene Vergara
25% income taxes for rents in Jalisco
Hi I'm still learning the real esta laws here in Jalisco. But I have gotten many conflicting answers on one point. My accountant told me that all rent income I get I have to immediately give 25% to Secretaría de Hacie...
Andrew Taylor
Walk me through income & tax implications
My wife and I are closing in on our first multifamily property, and I'm really enjoying daydreaming about all the positive cash flow and how I'm going to enjoy it. (Don't anybody burst my bubble.)I'm curious about a c...
Daniel Knybel
Newbie asking about income property tax caps?
Here in Florida where I invested, the taxes eat up all profits, I was wondering if there are states that would have tax caps on income properties, not only on primary, and if yes, how do I find out?
Iñigo Alonso
Taxes on rental income when house hacking
Hi!Just finished reading the House Hacking Strategy and I have a question that I believe it goes unanswered in the book.I´m wondering how is the income you get from house hacking getting taxed, at which tax rate. The ...
Monaia Haynes
Zero Income are LLC Quarterly Taxes Necessary?
Hello Everyone,I'm a newbie investor. In Q4 of 2017 I created a multi-member LLC for my real estate business. We currently have no employees and no income. We have a defaulted partnership tax status. Is it still neces...
Jordan Hunter
Mortgage payment vs. rental income for taxes
I am currently about to rent my home that is under a FHA mortgage. I have lived in the home for over a year as my primary residence. My monthly note is $1,238.00 a month and It will rent for $1,675 a month. I only pla...
Joe Splitrock
Tax implications of only rental income (loss)
I currently have W2 income and rental property income. My rental properties, between expenses, depreciation and mortgage interest, amount to loss on my taxes. I am able to deduct that loss from my W2 income, since I a...
Nate Hundley
Sale of old house. Income Taxes?, 1031?
Howdy BP community. This is my first post. Hopefully I'm not asking foolish questions! Let me first say, I'm very interested in getting started in real estate. Aside from prowling around on forums and listening to...
Al Anderson
income tax on out of state holdings
I am a Washington state resident and spend winters in Florida. Neither state has an income tax, and I own rentals in both states. How will my tax situation be affected if my Florida LLC buys income property in an inc...