Mike Mitchell
Taxation of single member LLC
My accountant reported my interest income from my mortgage note portfolio as interest income with no schedule c. Could I lower my tax liability by reporting the interest in another way? This came up because I had an...
Donald Hendricks
Capital Gains Tax at 0%
Ok... I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory. I am selling because I moved out...
Scott Schultz
Avoiding the "Broker Dealer" taxation
I am a Broker in WI turned full time investor, I use to just flip, but am now adding rentals, 4 in the last 9 mo. If I was not a broker my rental income would truly passive and not subject to self employment tax, but ...
Veritas Harmer
taxation of single member LLC
I know this may be a simple question but I am having trouble finding the answer. 1st, In regards to a single member LLC taxed as a pass through, which state do you pay taxes? I live in Illinois but the property that...
Naeema R.
taxation on passive rental income?
Hi all, I am a Canadian living in US on a TN visa. I own the home I live in and am thinking about buying another 1-2 homes for passive income, utilizing a management agency. I am trying to research the tax implication...
Kyle Evans
AirBnB Double Taxation in Florida
I have an AirBnB in Okaloosa County, FL. AirBnB automatically remits taxes when a guest books. Their disclaimer states they pay all city, county, and state taxes on our behalf. However, Okaloosa County’s Clerk of Cour...
Daniel Ehevich
Cashout refi taxation and advice
Hi All,1) Need some advice. Most of the cash out refinance lender require me to move the property from my LLC to my name for the refinance, is that a normal operating procedure or is it a taxation nightmare to move i...
Joshua Poitras
Creative financing and sellers taxation
Does a “subject to” purchase go on a head and closed on record? If so does a seller pay taxes on that purchase? Or does the buyer simply start making the payments on the sellers behalf and he just has the deed deeded ...
Jamal Harb
Cross Border Taxation for Canadian
I am a Canadian investing in the US and the time has come to do the taxes. I have researched intensively the ins and outs of US taxation by reading and speaking to accountants. Filing can be accomplished in one of two...
Account Closed
Taxation of foreign/US earnings
Greetings everyone. For foreign investors here in the U.S., how have some of your earnings in the U.S been taxed? This could be either earnings from rehab projects or rentals. Do you have a preference in terms of stru...