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Results (10000)
Joe L. Can I classify myself as a real estate pro for tax purposes?
1 February 2019 | 4 replies

Hi - I am W-2 employee for commercial real estate broker.  I have my real estate license and spend most of my day working in office leasing.  I have one rental property that I own personally.  Can I classify myself as...

Jack B. I suspect my tenants father in-law is breaking things on purpose
12 March 2022 | 5 replies

Tenant has lived there for a month and has had 4 service calls. Each one the father in law "finds" the issue. Except the house never had any of these issues with previous occupants and went through inspection without ...

Jessica Lamont What state to form your LLC for tax purposes. AZ OR NV?
11 March 2023 | 2 replies

Help! Our CPA suggested we form our LLC in Arizona because thats where our rentals are but a business lawyer thought it was weird that he didn’t suggest forming it in Las Vegas, NV (where we live) because it Should be...

Richard Anderson What do I need to collect from a cleaner for tax purposes
13 June 2023 | 6 replies

Hi Everyone, We just launched our first STR and have hired a cleaner. They are a sole proprietor and I am wondering what information I need to collect from them in regards to taxes. Thank you! 

Lawrence Porter Engineered software is software that is purposefully designed and built to meet...
15 August 2023 | 0 replies

...specific requirements and perform certain functions. It is not software that emerges organically or by accident.
Cost segregation on your commercial property is incredibly impactful right now because, in 2023, bon...

Robert Johnson Is the income from a STR considered "earned income" for tax purposes?
25 January 2024 | 7 replies

From my understanding, long-term rental income is not considered "earned income" but what about the income from a STR or MTR if I self-manage the rental?

Benjamin Cowles If you can't go under contract for the sole purpose of assigning
15 March 2017 | 1 reply

...it(just read it somewhere), does simply including another OPTIONAL intention/objective make it legal or safer? I'm thinking I disclose this but not as my SOLE intention but ALONG with (or) to acquire financing to k...

Brandon Sturgill What is the Purpose of Casting a Vote on a BP Post?
23 February 2015 | 10 replies

Can someone please help me understand the voting process here on BP?

Hans Restuccia Would anyone care to share the contents of their BUSINESS PURPOSE AFFIDAVIT??
7 May 2013 | 24 replies

Here is some language from the one we are using:

2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....

Dominic Scatto How soon should I post my property for rent for tax purposes?
10 February 2018 | 8 replies

***Please move post to the correct section, if this is in the wrong one. I apologize, in advance.***Hello,I know there have been other posts about when to post a property for rent, but none address the possible tax ad...