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I am in the process of setting up an LLC (with 1 partner) for rental investment properties. However i'm unsure of which tax classification will be best suited for my needs. Pass through partnership Or S corp.
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I am trying to understand the A B C D classifications. I have some properties and have personal criteria for choosing areas but because I have always bought local in good areas I am not sure how people break this dow...
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Hello,It there a site that allows you to filter through A, B, C or D rankings based on the areas/cities/neighborhood your searching? Niche is one I've been using so far. Thank you!Armand
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Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
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I have an interesting property tax situation because of my house hacking situation. I bought a duplex in Texas in 2020. I live in side A so I filed for homestead. The county put a homestead on half of my property, but...
For tax purposes how do you claim business designation.
Offices of Real Estate
Private Equity
General Real Estate
Construction
Thank
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is there any website or some place you can look in order to find out what class each neighborhood in chicago is?
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Hey guys,Here's my situation, my partner and I formed an entity call it First LLC which is classified as a partnership when the EIN was obtained. Later we formed another entity call it Second LLC and again is classif...
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Hello BP/DC RE investors,Anyone have personal experience registering a duplex in Washington D.C.? The website clearly states the following: One Family: This classification applies if you own and rent out single-family...
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I was hoping someone could point me to a list of the criteria used to determine the tenant and neighborhood class (class a, b, c, d).
Thanks