Tyler Spry
Purchasing vs Being Gifted Family Property
Good morning, BP! My wife's grandmother has an out-of-state rental property that she has considered selling. It is a small condo valued at around $75k and has not been updated in over 20 years because she has a sati...
Tyler Faison
Tax Credits in Louisiana (and Federal)
I’m under contract for a commercial building in a designated historical district. It’s also in an Opportunity Zone. I have some options on what to do with it, but one of the main mysteries is how the tax credits work ...
Brandy Stanford
WhatWouldYouDo if you were setting up a Trust & LLC for children?
Hello! What would you do if you were setting up a Trust for your children and LLC? I want to make sure I have my head wrapped around this well, so that I set things up correctly for my children’s future. Here’s the st...
Jackson Tate
Strategies for Taxes on Long Term Sale?
My dad is going to be selling his home soon, a house he has lived in for almost 40 years. He will more than likely be able to sell it for close to $2M, and his basis is probably around 500k. This sale is what is going...
Alon Kostetsky
Tax professional MD, VA, DC
Hi All, Hope everybody had a great holiday weekend! I'm taking my first steps in real estate investing and looking for a tax professional who I can consult with.Thank you in advance!-Alon
Stuart M.
Our first tax return, make sure we are doing this right
Hello all,I am asking about taxes that were due in April 2017 (for 2016 year), filed an extension until now...So, in May 2016 my wife and I were living in an apartment in FL with our kid and bought our first house i...
Changseok Kim
Cost for CPA service
Hello Biggerpocket members,I am living in Portage, MI. I have been working with a CPA for tax report. I have two LLCs, but based on the CPA suggestion, I am thinking to change one LLC to S-corp in an attempt to reduce...
Nate Miersma
Experienced Real Estate Tax Accountant
Does anyone have a recommendation for a tax accountant in the Kalamazoo area who is experienced in filing taxes for real estate investors, agriculture/farm, small businesses, etc? I use a good office right now, but th...
Kaylee Walterbach
Is HELOC interest a deductible expense?
Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?
Manuel Lam
Subleasing your business office space
Hi,
I have a consulting business (professional Corp). I pay $600 to lease my office. It turns out that it is common practice to sublease other days to offset my lease. I sublease at $250/day in this market. So I ca...