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BP,
I recently bought a house zoned C2 in Lynchburg, VA for the purposes of running my property management business. I've put the house in an a partitioned LLC. I need to write a lease for my business LLC to rent...
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I invested in land property. 200 acres last year with my brother. We currently don't have any LLC or other sort of company legal structure.I will assume a $50,000 gain after the sale. My question is if I can do a 1031...
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I have taken a cash-out loan on my personal residence to fund an LLC in which I am buying real estate.
From an accounting standpoint, what's the best way to structure this? Can I consider this cash infusion into the ...
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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...
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Hiya team!I have 2 properties that are about to be sold. One is in the name of a LLC, the other in my personal name.Can I 1031 both into a new property that I would like to buy?Thank you.
https://www.azcentral.com/story/news/politics/legislature/20...
The law, HB2498, was passed nearly unanimously by the Legislature and signed by Gov. Katie Hobbs. It bans solicitors from unwanted texting as well as ph...
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Can someone help me with the following two questions?
1) If you set up an LLC (with an EIN from IRS and approval from state) but it turns out you don't have any business during the year, how do you report that for y...
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I'm currently waiting for my condo to sell and plan to execute a 1031 exchange. I have already found a couple of properties I would like to roll the profits into. One owner has offered to consider some owner financ...
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Curious about a particular 1031 caveat as it applies to me...
I sold a single family rental with loan and title in my personal name. I put my gains into a 1031 exchange account. Now I want to purchase a multifamily p...
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A friend of mine has an LLC that he has never filed a tax return on. Is that legal?