Nancy Bachety
W9 or Tax ID # on Airbnb? Pros and cons - shoot
For tax purposes Airbnb wants to know if you are a US person or entity (W-9) or if you have a tax ID number (W-8ECI). Income is income regardless but what reasons/benefits would you choose one or other? Liability? I h...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Latonna Hill
Unsecured credit lines
Hello, has anyone had experience with Tom Kish or Dave Candle(Credit Card Builders) with obtaining unsecured business lines of credit.
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Harry Williams
I started a business credit card with my SSN and EIN. Is this ok?
Single member LLC, income is expected to be taxed as ordinary income. Started a business credit card with the name of my LLC but did not provide my EIN as it wasn't required. My SSN is tied to my EIN, obviously. Will ...
Christian Hanus
Hiring Myself to do a Heaver Turn
I own an investment property in my personal name that I purchased last year, this was done before I started my LLC. My LLC is currently doing a flip on a home that I anticipate closing middle of summer. My LLC's main ...
Todd Willhoite
Tax implication of having my LLC manage rental held individually
I am purchasing a rental property in my own name in order to get conventional financing. I have an LLC with rental property in it. It would be easier to keep track of expenses and in renting the property to tenants ...
Gordon S.
Filing EIN confusion.
Hey everyone, EIN filing time for my single member LLC. My attorney was so kind to include some documentation about filing for the EIN...but alas my simple mind cannot figure out this quote for some reason. Or maybe I...
Dan Darby
LLC Name Change
First post here, awesome sight,
I am interested in investing in the rental property business.
I have used some tools from this sight and other internet research to form an LLC.
I dont like the name that I used for ...
Forrest T Schue
Taxes on a flip
Hello. I’m currently in escrow for a property in Ohio that I was going to originally hold and rent, but now am wanting to flip.
I do not yet have an LLC set up in order to buy this property, and will be buying it per...