Jimmy Thomas
Partnership 2 LLCs/S. corps
Hi All,Looking to form a partnership to complete a few deals within the coming year. I already have an S. Corp formed and the partner would like tp form a new one for our joint ventures. What are some tax, legal, and ...
Jeffrey Reynolds
First time investor. Buy in ontario or in the U.S.
Hi Everyone,I am a 30 year old who has 100k saved up and want to use it for investing in real estate. I am happy with renting as I am not committed to staying in one location and I work remote. As you know Toronto pri...
Lucas Rowell
Utilizing property to reduce taxable income
Hello and Good evening BP Brothers & Sisters.
Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?
We currently own...
Hiral Lai
How to minimize taxes you pay and best way to fund a deal
Hi All, I am trying to figure out the best way to fund a potential deal. My company awarded me some stock a while ago which recently vested. I didn't want to get hit with major taxes if i sold it. Is there any way to ...
Mehran K.
Single Owner Deeding Property to Two-Member LLC - Tax Implications?
Hi all! Quick question again. Tried searching on this specific topic and couldn't find anything.If a single individual person deeds an income property they just acquired to a two-member LLC which they are a member of,...
Raymond Hill
New Real Estate Agent trying to understand taxes
Hello everyone.So this year I have made profits as a real estate Agent. I was wondering what is the taxes I have to pay on the money I have earned for 2016 I made under $10,000 and would like to know the tax implicati...
Jon Ostojic
18 units on multiple parcels. Lending/valuation implications?
What are the implications of separate tax parcels? I have a lead on 4 4plexes next to each other, each is on its own parcel. The owner wants to sell their entire portfolio including those 16 units, and an additional d...
Crystal Novak
Cost Seg Prior to Transfer of Title to LLC Partnership Tax Implications?
Need help with a cost seg situation. My CPA didn't have information on this for me, if I were to complete a cost seg for 2022 personal taxes while a rental property is in our personal names and then that property is t...
Arzu Alimjan
Airbnb tax help -Pros and Cons
If I am partnering with someone to establish an LLC there are several tax questions we have as far as if we should provide some income towards ourselves on a monthly or yearly basis. Is there anyone that is an account...
James Gilson
Tax implications of selling a rental property and buying primary residence
Good afternoon,I have a single-family home that I am looking to sell. It is paid off and I have owned it for 2.5 years. I want to sell it and use the money to buy a primary residence.I am wondering what the tax implic...