Looking for a CPA who has a great knowledge in tax strategies for STR. I have 3 units I’m renting out.

I've posted this question on the Tax forum and it seems to be a gray area. We've managed to scale the business pretty quickly this year to 5 STRs. Cabins in the Smoky Mountains. Pigeon Forge and Gatlinburg. I'm likely...

Hi All!

Looking for a knowledgeable CPA who's good with real estate tax advantages, specifically looking at STRs. Please let me know if you known someone qualified!

Hello,I am trying to enter my rental income in Turbo Tax. I rent out my upper bed room for 3 months of last year. I earned $3000 as rental income in the year 2017 and calculated $200 of utility expenses. I entered in...

I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return.

How do we set this up to avoid paying self employment tax on the rental llc return?

Thanks

Hi all, just closed on my first property last month and have been tracking all associates expenses in excel. Have been reading the Tax Strategies for Savvy RE Investor book and they recommend using Quickbooks Pro. Was...

In 2023 my five properties across two single-member LLC's had 7 tenants just decide not to pay rent, and 3 roofs had to be replaced.  Thank goodness for tax deductions, right?  Before I was in real estate my business ...

I am purchasing an SFR under a conventional mortgage. I also currently own (100% ownership) a multifamily building which I have a mortgage on. The building is owned by an LLC not by me personally. Due to me being the ...

Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:1040 US tax ind return1040-ES Estimated TaxKentucky Ind taxKentucky Est taxKentucky Single member LLC tax retur...

I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...