Disregard Forum

This is my first year holding rental property. I hold title to it in an LLC but the mortgage is in my name. While filling out my taxes I placed the rental income as the LLC income, thereby creating it as business inco...

The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:

- a sole proprietorship
- a partnership
- a C corporation
- an S corporati...

how to file my taxes for 2019, when I have an LLC in calif. and one in texas under a LLC in wyoming. I need help are there any tax people out there that can help me without costing me an arm and a leg. I live in Cali...

The house is appraised at 1.5 mill. Its listed at 199,000. It's not a forclosure nor auction from everything Ive been able to find out. Anyone seen anything like this? (Taxes are over 14k).http://www.trulia.com/proper...

Hi all,I just formed my first LLC and received some information that if I elected the scorp option for tax purposes, I could reduce my tax burden. Is anyone familiar with this strategy? If so what are the pros and con...

Hi All,I'm doing some exciting work putting together a partnership to invest in some condos near clemson! Do any of you here have contacts for any lenders that might do a 30 year loan on a condo that is 90% investor o...

I am in the process of a 1031 Exchange. I have a question regarding the 3-property rule.  Let's say I identify 5 properties and 1 falls through but I still close on the other 4.  Is 100% of the exchange disregarded or...

I just Transferred AAA LLC (me and wife owned 50%-50%) and BBB LLC (me 100% owned) to our revocable Living Trust, before AAA LLC file Tax Return with form 1065 and BBB LLC file Tax Return with Schedule C, What form sh...

Hello BiggerPockets community -My name is Ryan Evans - I am a brand new investor located in Atlanta, GA. I am thinking of wholesaling to build some capital for my first investment, and I was trying to gauge thoughts o...