Good morning all, Hope everyone is enjoying the busy season. I have been reading a few posts on BP forums (that are 3-5 years old) about self-employment taxes which state that if your average stay is less than seven d...

My husband is self-employed. We want to buy our first rental property, but I can't qualify for much more on my own, because I already own our house. When we bought our house, our lender said we couldn't use his income...

I am fairly new to BP but I am familiar with the real estate industry.  I'm currently an accountant for a contracting company and do the books for the owner's 3 property investment companies.  I'm really interested in...

Hello,
I am totally new to RI. I set up my S corp less than two years ago, hence, only one year worth of corporate tax return is available. Prior to incorporating, I was on 1099 for about 2-3 years. My income increas...

Hello,
I am totally new to RI. I set up my S corp less than two years ago, hence, only one year worth of corporate tax return is available. Prior to incorporating, I was on 1099 for about 2-3 years. My income increas...

My son just graduated college with a degree in Music. He is a super talented guy, but like a lot of college students today he's not able to make a living with that major. Let me lay out my situation here a little and ...

I have a tenant that only paid half of the rent that was due two weeks ago who is normally on time, and when we discussed it they said it's because they just started a new job. I had to double check but I don't have a...

Has anyone tried to refinance one of their properties without having two years of self-employed tax returns? My lender is suggesting that I create a trust and then use that trust to claim trust income while we are ref...

Hello BiggerPockets community! I'm new to the site and this is my first post, so please do let me know if I should be posting this in a different category. I have no real estate experience but I have been listening to...

How do u classify your assignment fees as income? do you have an llc or get checks written in your name? Ive already had a horrible experience with IRS after winning a vacations prize not knowing it would be added as ...