Ivan M.
Should I amend last year's return or not due to incorrect depreciation?
Hi folks, I frequent the forums quite a bit but don't post a lot. Perhaps someone has a little experience with my question though: I have one rental house and do my own taxes (maybe I'll rethink that last part...we'll...
Weronika Jedrak
CPA for newer investor
Hello, I am looking for a CPA who works with newer real estate investors. My husband and I started investing in January this year. We have LLC and we've done one flip, and a novation deal - both profitable. We also bo...
Lor Fara
Need CPA referral San Francisco area
I’m looking for a CPA to do my last year taxes as they got complicated. Someone who can be a tax advisor re: real estate investments too. there was a firm on one of David Greene’s podcast episodes but I can’t find it...
Robert Chaiton
Property LLC Structure Help
Hi All,My girlfriend and I just closed on a property in AZ and I’d like to set up and LLC or LP which outlines our equity ownership and responsibility etc.. I’m not sure the exact path we should take and would love to...
Chad Griffin
Capitol gains counting twords purchasing power
Anyone know if capitol gains realized on my taxes from stocks will count towards my purchasing power on a fixed loan?My DTI is ugly due to two cash flow neutral rentals and my tax free military income...
Tobias Joneses
moving rental property into trust
Please do not post "you should seek a tax professional" I will do this but wanted to know if anyone here knew anything besides "You should seek a tax professional" Now that we got that out of the way, I want to know...
Bryan Gauvin
Am I a Real estate professional?
Hello all,First post. We have been investing in SFHs for a few years. Currently having 4 rental properties with plans for more.A year ago I left my w2 job and formed my own LLC for my primary income. I currently desig...
Frank S.
Removed Property from Market and Schedule E
Hi there, What happens when one stops renting a particular property. This is not related to a sell, so no recapture taxes apply. The reason is simply that there was no effort to rent such unit for a year. This is no...
Rickey Wallace
How to CPA shop more effectively
I'm in the process of looking around for a CPA to add to "my team." What are the kinds of things I should say/look for to make picking the better choice for me easier when vetting? I heard that they should be focused ...
Stephen Lynch
Bought in 2021, rehab in 2022. Tax handling?
Hello,I purchased a duplex in November of 2021, we've made some small repairs but it was mostly about getting the tenants out so we could start the rehab (scheduled for January). For 2021, I know it would be pretty ea...