Matthew Schlottman
Colorado tax on Flip through LLC
Weird question that will probably require a CPA but wanted to see what people had to say first. Through an LLC a partner and myself flipped a condo in Colorado this year. He lives in Colorado, but I do not. Since ...
Jonathan Small
Real Estate Investment Trust (REIT) vs Direct Real Estate
I was recently explaining for an investor the difference between investing in Real Estate Investment Trust (REIT) vs Direct Real Estate. I see this topic in 2 buckets: rental properties (hands-on) and REITs (hands-o...
Kevin Kaczmarek
Solo 401k
I posed this question in one of the groups, and wanted to get insight from the BP community as a whole to see what experiences people have had investing with a Solo 401k. Being able to contribute $46,000 to a retireme...
Char Bacheh
didnt take a wage from my s-corp
i opened my corp in July and wasn't able to take a wage as the corp made like 6-8k can i just take a distribution, what would you recommend i do?
Anthony Warren
Taxes on a llc when doing a fix and flip
So my llc is formed and operating business only in Ohio and as single member. But I lived in New Jersey. Would I get taxed from New Jersey or Ohio on profit? And I’m keeping the profit in the business to reinvest.
Andrew B.
New OOS Investor Need Tax Help
Hey BP! I'm working toward an out of state investment property purchase within the next 2-3 months. My question is how do I avoid double taxation on income earned from out of state properties? Any assistance is app...
Minsu Kim
Can a stock gain be deducted by real estate loss?
Hi,I have a questiom regarding tax deduction.I understand the earned income can be deducted by real estate loss (such as depreciation) at some extent. Then what about stock gains? In both short/long-term, how the tax ...
Michael Seeker
Best structure for flipping
I'm about to finish my 2nd flip and am looking to purchase my 3rd within the next 2-3 weeks. The first two were just purchased and held in my own name, but I'm wondering if this is the best way to do this?
I have re...
Carlos Rovira
Out of State Income Tax
Quick question for a savvy CPA:
If I own property in a state like Indiana or Tennessee with an LLC formed in FL, am I liable for state income tax in Indiana or Tennessee for the income generated through renting the p...
Leon Meytin
syndication tax question
I was hoping to clarify something, can someone correct me if i am incorrect?
This example was taken from a previous post, but it was several years old so i though I would post it here
Let's say they invested $100...