Oscar Ledezma Vazquez
Recommendations for CPA in southern California that know STR loophole
Hi,
My wife and I both have a W2 job and purchased a vacation home in big bear, CA in late 2022 that is being used as a short term rental. I am looking for a CPA that knows the STR Loophole and can help us with offse...
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...
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...
Mark Mayton
Sale Tax and Use Tax on Rental Property
Hay Everyone!
I run into a little problem. I set up LLC in Virginia for my consulting business. I'm also using the LLC for my rental property which is In Maryland. And now I have to pay sale and use tax but don't r...
Account Closed
Motivated Seller, How to Avoid Long-Term Gains Tax?
I have a scenario for a potential purchase. Basically the guy bought his house a longggg time ago for $20k and wants to sell, and we agree on a $450k sales price. Is there a way to pay him $270k "on paper" so he doesn...
John Bilar
Know Clint Coons at Anderson? Seems like an experienced Good Guy
Anyone have experience with the Anderson Advisors team and Clint Coons?He seems like an experienced guy with great enthusiasm for the Real Estate and Asset Protection practice.If you can share any direct experience wi...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
Derrick E.
Need Help: Should I start an LLC?
Yes, I used the search feature and read countless posts from previous people asking similar questions, but nothing that related to my situation.On Tuesday I will be closing on my 5th house. All are owned 100% free and...
Wesley Mullen
Filing Taxes on your Own with REI Partnership
Situation: I am partnered with my brother and sister-in-law in our real estate investing. We currently have one property (acquired in 2021) which is in both of our names. We both got our own 1099s from the PM.Is it fe...