Michael Vilasi
Sending 1099 without formal registered business
Quick question and help needed from the tax pros/gurus in the audience. Thank you in advance. I have two long term rentals. I am not set up as an LLC. In 2023 I paid one contractor slightly more than $600 for HVAC w...
Brad Holub
Looking for Tax Advice - Spec Home
I am looking for a real estate tax professional/strategist. Back story: I entered into a 50/50 contract with a builder where we split the proceeds from the build and sale of a home 50-50.I bought a plot of land and us...
Alejandro Padilla
New ADU never placed in service
When do I deduct the build cost of an ADU if it was never put in service. For reference I built the ADU on an investment property, I no longer have the funds to finish and plan on selling the property.
Joel Schaefer
CPA for Rentals around Sacramento CA
My wife and I are moving to Auburn, CA (near Sacramento) and we are buying a three unit property to house hack. We are looking for a good CPA who is well versed with buying and holding rental properties. Any suggestions?
Eduardo Zepeda
Seeking joint venture advice in Bay Area
Hi BP'ers,I'm in contract to purchase a property in the Easy Bay, CA and I'm working with several partners on the deal. I'm looking for an attorney that can help with setting up a joint venture agreement between the p...
Harold Groetsema
Multifamily duplex question
How does Capital gains work if I purchase a duplex, live in one side as my primary residence and rent out other side. After 2 or three years I decide to sell duplex for say $60K more than I bought it for. Would I only...
Jon Delarosa
Taxes in Operating Expenses
Hello,New to this experience and learning as I go. Looking to turn my residential property into my 1st rental property and trying to look at numbers to see if it makes sense. A book I’m reading mentions “taxes” should...
Keith Tidwell
RFI - Asset Protection Lawyer and CPA in/around NorCal
RFI - I live in Walnut Creek, CA and work in San Francisco. Looking for referrals for (a) an asset protection attorney and (b) a CPA, in each case, who are familiar with the needs of a CA-based individual investing i...
Muhammad Kashif
Ways to optimize taxes on new investment construction (built for sale)
I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon). Is there any creative way to avoid/reduce capital gains tax on the sale ? From what I...
Venkat P.
Looking for CPA around Bay Area
Newbie here, purchased a LTR a few months back. Have a few questions regarding STR loophole and ways to save on taxes.I have a W2 and I am on H1b visa. So looking for folks who are knowledgeable on visa side of things...