Don Spafford
tax filing under LLC or personal rental income?
This is my first year holding rental property. I hold title to it in an LLC but the mortgage is in my name. While filling out my taxes I placed the rental income as the LLC income, thereby creating it as business inco...
Arthur Kineard
How do I show income while minimizing taxes?
I own a retail business that is doing well. I want to diversify into real estate as a tax shelter and for money. My primary question is how do I show income after taking advantage of all the deductions? I can take ded...
David VanSteenkiste
Too high income to take RE tax deductions?
Does none know if there is n income level at which you are not allowed to take tax deductions fom RE? Ex. If you are a high income W2 employee and want to start investing in RE. How does he 86 tax law effect you? Can...
Spork Man
Most companies in US avoid federal income taxes
http://news.yahoo.com/s/ap/20080812/ap_on_bi_ge/corporations_income_tax
Most companies in US avoid federal income taxes
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Mike M.
Tax time - schedule C realtor with no income
Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years. I have a full time w2 job in Commercial Real Estate but have my real estate licen...
Account Closed
Taxes, on a year with no rental income
Hello fellow investors, I'm new to the forums and excited to be here.I bought a rental property via a 203K loan in July of 2013. Due to extensive renovations there was no rental income until January of 2014.I'm curren...
Austin Hurwitz
Managing Business Income & Expenses for Tax Purposes
Hi All,I'm looking to separate my rental income and expenses into a separate bank account and credit card. This is to make it easier for me to track everything for tax purposes. Does anyone have recommendations on bes...
Adam Aust
What counts as rental income for tax purposes
I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
Scott Anderson
AZ taxing of out of state property income
Anybody know if AZ taxes my Arizona LLC if it owns an out of state income property and how that would actually work?If it's a 'loss', and I'm "double taxed" in AZ and the other state, does that actually help short ter...
Ryan Stover
Benefits of Investing in 0 Income Tax States?
I haven't found much direct info on the benefits of investing in properties located in states like Texas, Washington, and Nevada. I assume there must be positives even though I am a resident of CA.Would REI in these t...