Andrey Y.
Deducting misc rental real estate expenses without LLC
Aloha BP nation, I am using HR block software for taxes this year, although I will likely still use a CPA. I was wondering one thing, would all the following expenses go under a specific property, or is there another ...
Susan O.
Going from Sole-Proprietor/Landlord to S-corp for self managing
I'm currently reorganizing and restructuring my rentals from being a sole-proprietor landlord to having an S-corp for managing properties.I just set up S-corp for managin the properties January 2017. It's $800 per ye...
Sam Doyle
Rental property in schedule E counting against me w/ conventional loan, any options?
Hi all,
Have a weird situation where I recently purchased a rental property 1 year ago and am looking for a new loan on a new property. I have great credit and W2 income to purchase a property before even adding my r...
CL Ziegler
Cash deal, or borrow? (tax differences?)
I've asked this before, and came away MORE confused. So let me try again.
Another poster on here in an older thread said: "In a few years when my units are paid off, I can keep the full rents as profit." (p...
Frank W Lentine
LLC report tax on Sch C or Sch E
New Pro member in Phoenix, AZ. Just filed personal tax return for 2017. LLC holding our first 4 plex was filed a while back. I was surprised to find that depreciation was not deductible and loss was not reported as...
Omar Johnson
Choosing A Business Structure For Your Real Estate Business
As a real estate investor it is important to choose a business structure that gives you the maximum asset protection as well as the best tax advantages. Although I can't advise you as to what type of entity you should...
John K.
Schedule E, Rental Partnership - Unreimbursed Partnership Expense
Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works. Since we use our personal vehicles...
John Pless
Rent Section 1031 Exchanged Property to Self
I have read that if you charge reasonable rental and treat the tenant as you would any other tenant, you can possibly rent a property you exchanged into to a relative. Could you rent the property to yourself? I have s...
Melanie Baldridge
It’s not what you make, it’s what you keep!
Here's a framework that you should know for tax planning:
The further you can push your taxes out, the smaller they become.The time value of money shows us that a dollar is worth more today than 20 years from now.Pla...
Heyward Lovett
Team Building Help Needed
Hi there! Anyone in the Hampton Roads area (Virginia) that has referrals for the following is a God send!
1. Tax preparer...I (like the most of you), am looking for a tax preparer that specializes in working w/invest...