Do any Canadians viewing this have any experience creating an LLC in the US and operating it from Canada. I’ve been seeing quite a bit in my research about “double taxation” and trying to see if that is accurate or no...

Hi,  I’m looking for strategies to minimize capital gains on sale of partnership interest.  The partnership has been a long term entity holding land.  I understand 1031 is not an option.  Spreading the sale over multi...

Hi All!I just closed on my first rental property and I’m in need of a real estate specific CPA for tax strategy and preparation. Any recommendations? 

A few years ago I hired a great CPA to help me with both my personal tax filing and to guide me for my rental taxes. But as I think about growing my real estate portfolio I am wondering if there are additional financi...

Hi BP community, I am trying to implement Profit First method, which suggests to open multiple accounts; tax account, operating cost account, profit account etc. I cannot find a bank that allows opening multiple check...

If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...

I'm confused about the wording of "lived two years out of five" for the tax exempt sale of a primary resident. Does that mean I can sell it after 2 years of living in it, or do I have to satisfy the 5 years regardless? 

I flipped 2 houses w a partner. 1st house was a loss of about 60k ea! (120k total)2nd house we are making a profit of 120k but this  "profit" would literally pay us back for our initial investments into our LLC togeth...

Hello BP,

My business partner and I are funding a short-term private lending deal.

I’m using a personal line of credit to fund the transaction. I transferred from this line of credit account to our business account...

Can anyone recommend a tax accountant in the San Francisco Bay Area who—in addition to familiar with real estate investments—is familiar with tax implications on Incentive Stock Options (ISOs)?