Joe Pea
Mortgage: file all, some, or no business expenses on tax return?
I'd like to get my first home maybe within a year. While filing my taxes right now, should I file all, some, or none of the my business expenses? I'm curious to know if 1) it is okay to file no expenses, and 2) would ...
Bill Berke
change use of rental property to business use-filing sched C
when I file I am adding sched C - do I continue the same depreciation formula on sched Ewhat changes do I need- most income on 1099- misc
Nick Ovington
Getting started
Hi all;Hope you are well. Looking to get started in investing, but have too many questions to know where to start. Is there a quick way to figure out if a property is a viable investment? I don't have enough for a 20%...
Adam S.
For LLC do I file as authorize business rep or registered agent
Hello,I am trying to set up an LLC for a single rental property in va. I am currently trying to form a DBA, but its asking "relationship with business: 1st option: authorized business representative 2nd option: regist...
Allan Rosso
Do you need an LLC to report business expenses when filing taxes?
Do you need an LLC to report business expenses when filing taxes?This is a question I have had for a while, have researched and talked to a few people about it, but I can't seem to get a straight answer on. I even con...
Zachary Derksen
Canadians investing in the US!?
Hey there everyone!My name is Zach, and I'm a newb to BP. My brother and I are Canadians (dual citizens actually, but born and raised in Canada), currently own two rental condos in Florida (without a mortgage on them)...
Leah Ezra
What kind of business should I be and how should I file taxes?
I have always had a clear vision of what I wanted to do, but I finally have the time to educate myself and really get started with my business. My husband and I would like to go into business together, so whatever way...
Sameer Jain
Forming a LLC for CA investors
Hi I am a investor based out of CA looking to invest out of state . I am aware there you can form LLC in various landlord legal friendly states like Delaware, Nevada etc . Being a CA resident I have read in articles a...
Tyler Cook
In Need of CPA to File First Year Tax Returns for Medium Term Rental Business
Hey BP! This will be my first time filing the Schedule E form as my medium term rental in Tampa, FL became active the 1st of this year. I need to pull forward deductions from 2022 that went into preparing the property...
Jeff Caravalho
Where to set up LLC for out of state investing
Hi BP, I'm looking into out of state investing, but am being told I need to have a California LLC to do that (I Live in Sacramento). However, I'm talking to a turnkey company in Ohio who says all I need is an Ohio L...