Paying yourself through the llc

Hello Everyone! I just closed on my first duplex, and before the closing I set up an LLC to have the deed quitclaimed, and opened a business account with my bank for the LLC. We were not able to perform the transactio...

Newbie here and I'm sure I'm overthinking things but I want to set things up properly from the start. 
First, what does everyone use? Quickbooks? I do plan on using an accountant, so maybe I don't really need QBs?
I...

Hello. I was looking into House Hacking.If you do not depreciate the portion of the house which is rented, when you sell your home, can you qualify for the full capital gains exclusion?Sources:https://www.biggerpocket...

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...

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective. Is there a difference?
I alre...

I was hoping I could get some direction from an accountant or someone with tax preparation knowledge. I am working on completing my 1098 interest forms. I have a situation where I have two borrowers (an individual and...

Hi Everyone,I am currently undercontract for a duplex in Austin, Texas. I plan to live in one unit and the other is already rented out.I have a few questions as to what I should get done sooner than later.1)) Do I nee...

I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...

Appreciate any advice on how the following scenarios would work out for a new construction project, for a single family home using 1031 funds:1.  Start the project by buying vacant lot with non-1031 funds2. At the tim...