Chris Tedeschi
LLC Property and a Property Manager walk in to a CPA Office
Sorry, I couldn't think of a better title >_<So, here's the question: If you have own a property which you moved into an LLC AND you have a property manager, managing said property, how should payment of his ser...
Sam Haack
Real Estate Professional Status vs Real Estate as a Business
Hi, so I am trying to figure out the answer to this question: how does investing in real estate with a "real estate professional" status compare to investing as investing with an entity and having a business (LLC) beh...
James Bakun
Quitclaim deed from personal name to LLC after completing a 1031 exchange
Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...
Chad Coleman
Tax consequences of transfer a house to LLC and rent it
I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be n...
Melissa Odom
Structural Engineer for Commercial Remodel
Hello, I am looking for some guidance. My current project is to remodel two buildings in a commercial shopping center in Wimberly, Texas. Right off the bat, there are foundation/framing issues that need to be addre...
William Coet
Right Of First Refusal, Potential Failure
Hello,I would like to offer a payment to an owner/occupant of a single family home in exchange for the first right of refusal to buy the land.My concern is that it could be disregarded in the future and a sale finaliz...
Kevin Nguyen
1031 personal to llc
hello all , I have question tthats I has a rental house in Vegas in my name , but I will soon sell it and 1031 to bigger property in texas. The question is how can I change it to llc and still be able do 1031 ? Tha...
Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Justin Summers
Tax question on Self Renting- Single Member LLC to SMLLC
I'm buying a campground and for liability protection reasons I'm looking at holding the real estate in a single member LLC and Renting the real estate to another SMLLC that I also own that will run the campground oper...
Freeman Schultz
Tax and the LLC
I heard that if you are a sole member LLC that you must pay income tax on the money that is in your accounts. But you will pay less taxes if there is more than on member. How does this exactly work? Does having an LLC...