Carl West
Best ways or company’s too create LLCs to flip property’s?
I’m focusing on flipping houses and other investment properties just want too know what is the best way too set up my llc should I do it professionally or my self? What are some of the best websites to use? And if u ...
Matthew Shay
South Carolina Withholding Tax for Non Resident
Selling real estate in south carolina and not a resident but there is a withholding tax (7%-10% of the gain) If the gain is $10,000 are they withholding the whole amount or just 7%-10% at the time of the sale? What is...
Kyle Meyers
LLC Taxes
How would my taxes differ if I start an LLC and transfer ownership of my properties to the LLC. Would I have to pay self employment tax on rental income that I get through an LLC? Will I be required to send 1099s to c...
Mark Beekman
Very Basic 401k Contribution Question
I recently opened a Solo Roth 401k and contributed the maximum of $16,500 for 2010. Can I make another contribution of $16,500 for 2011 on January 1st?
Zander Dragony
Best way to structure my entity?
Hey so I'm going to set up an LLC to flip houses under in a couple months and I need some info on how to exactly structure the entity. I know a lot of people use the S Corp election for flipping houses because of the ...
Johnny Situ
Forming an LLC for rental property portfolio
Hi BP folks,
I have a situation like this:
1. I have 3 rental properties in SC
2. I am considering hiring my retired parent to help with my business so that I could properly deduct those expenses
Shall I form an LLC...
Daniel Patton
Single Member LLC
Hello, I am a newly-formed single member LLC, and am planning on electing s-corp status to avoid self employment tax. I know I have to file f2553, but do I need to also file f8832?Also, since I have no employees, do I...
Jimmy H.
Entity structure for tax liens
I formed a single member LLC for purposes of purchasing tax liens in my county this summer.
My intention is to get some experienc ethis year so that I am knowledgeable enough to raise capital for next years tax sale...
Mickell Fowles
SLC, UT. Seeking Accountant and House Hacking Guru
I'm filing for an LLC which will serve as a Property Management entity providing a layer of anonymity for myself, asset protection- separating all current running and projected business transactions, forthwith.With th...
Alan Suen
Name of LLC or Address on Schedule E
I have multiple rental properties held in a single member LLC. Can I just put the name of the LLC on Schedule E and report consolidated financials or do I have to separate each property out with its own address and ow...