Daniel Brown
Scranton, PA area -- LLC?
Hello,Looking to become an investor in the Scranton, PA area. I live locally.My initial plan would be buy/hold duplexes and eventually larger multi-unit properties in the suburbs around Scranton, such as Dunmore, Dic...
Sam Dal
Passive RE investing and unallowed losses
Guys - this is regarding investing passively in multi-family. Can you take unallowed losses accumulated for a property directly against capital gains when the property is sold? In addition, am I accurate in stating th...
Roy Mitle
K1 challenges on syndication
I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1. This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...
Jimmy Lieu
What # should I use for property tax?
So, I am doing a quick cash flow analysis on a Columbus Ohio property and I am on the tax assessors website and I see this: https://prnt.sc/vfed59Theres 2 numbers: Original Tax and Current TaxOriginal Tax is the highe...
Eric Shadowens
April 15th Tax Filing Deadline Extended
The April 15th due date for filing and paying taxes has been automatically extended 90 days.
Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million. Late filin...
Calum Bressington
Has Anyone converted a multimember llc to a sole member llc?
Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so wi...
Alex Molina
Need help calculating final buying costs based on HUD
I have a question, I'm closing on a flip next month and need help with my final buying costs based on my HUD. I've done the calculations, but my numbers don't add up. --------------------------------------------------...
Sriram Akkati
Title Company Mistake - incorrect property tax amount
Hi All,Can anyone advise me? I really appreciate help here.I bought a property in Indiana, Marion County on 3/9/2022 through a wholesaler, it was a cash deal.At the time of closing, the title company generated the onl...
Louisa Asante
Protesting Property Tax in Indiana
Does anyone here have experience in protesting property taxes for residential properties in Indiana? Please mention which company/individual you use or recommend.
Uzair Syed
Completed 1031. Filing Taxes Q (prev LLC, no more LLC)
Hi,
This sounds more like a tax/accounting question but seeing if anyone has any insight here.
My parents just completed a 1031.
Relinquished property and replacement property both under parents names.
Accountant ...