Brandon Paul
Issuing 1099's for Vendors
When do you need to issue a 1099 to a vendor?After contacting several tax accountants for an answer to this question, as well as an IRS agent, the answer provided was the same:You must issue a 1099 to all vendors you ...
Kim Coffman
Capital gains on owner financed home
If we sell our primary home, which we have owned for over 20, years, would it be subject to capital gains tax if we owner finance?
Matt Dines
Tax basis help on $3M California residence inherited b/w trusts!
Hi Forum,I have a complicated tax situation and am looking for general guidance or a referral to a real estate accountant in California who can help answer.Facts:The property is a California residence appraised at $3M...
Jason Hawrylo
Roth Vs. Traditional IRA for a RE Investor (Passive Income)
While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
Account Closed
Networking in Cleveland
Hello. I moved to the Cleveland recently and am looking to get dinner or drinks with some local real estate investors or bigger pockets members. I am very interested in real estate and would like to hear about your e...
Allan Shoo
1040 Schedule "E" Form Confusing help
I am a new owner of a duplex that I live in one unit and rent out the other unit. needless to say is a Tax year, and I am doing my own tax. I have done some maintenance on the bulding as a whole. My question is can I ...
Tania Savory
Setting up an LLC in New York
Hello Everyone my name is Tania and I am an new real estate investor from NY. I am a single mother of a wonderful 7 year old. I was recently laid off from my job and while I search for another job I would like to ge...
Bobby Nilsen
Using a Same-Company CPA and Bookkeeper vs. Independent from each other CPA and Book
I was having a conversation about CPAs and bookkeepers and wanted to get your opinions on the pros and cons of using a CPA and bookkeeper who are the same person or part of the same company, versus a completely differ...
Mark Adler
Need tax attourney or accountant for flipping and rentals
Hii everyone, I am from Philly and have done a little real estate here before but making the switch to full time for now. I am now interested hiring accountants or lawyers who have experience working with real estate...
Kyle Eckert
Rcommendations for REI Accountant and Tax strategist in STL?
We are looking for a real estate accountant and/or a tax strategist to help us with the tax implecations from the money from our rentals and structuring of our company. Any recommendations would be appreciated.