Martingale Kim
Tax form for Corporation registered in Delaware
I registered a corporation in the state of Delaware this year and just filed DE's annual report and franchise taxwhich form I need to file for federal tax? is it 1120 only?I don't have any sale for the year 2021 so th...
John Sampson
Self filing taxes for small property management company
Hello, let me start by admitting I know I should have had an accountant do my taxes! I have a single member LLC for a property management company. The company collects all rents, so I have 1099 MISC from several agen...
Kyle R.
AirBnb Tax Questions
Hi BPI'm finishing up my first year as a vacation short term rental owner. I have a couple of tax questions that I want to familiarize myself with before I send everything to my CPA.I rent my property through VRBO/Hom...
Account Closed
Rental Property Tax Question
If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on ...
Jasmine Wilkes
federal taxes
I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
John Dean
Seller Financing / loan servicing
Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...
Account Closed
Advice on getting financing under 100k (heloc/cash out refi)
Here is my story if anyone can help me out would be much appreciated. Im located in Northern CA (bay area) I have locked up a SFR under contract for 95k cash. I need help with financing. I can not provide 2-3 years ta...
Loren Kreider
deducting a skidsteer
I'm working on my tax return and ran into difficulty. I bought a used skid steer in 2018 for use on my rental properties, cost $6000. I have three residential rental properties in service and one I am currently renova...
Micah Watson
Do I need a CPA? Recommendations?
I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I’m in West Michigan.
Teresia Sayler
HELOC interest deductibility
I understand with the new tax law that if you use a HELOC on your primary residence to purchase (possibly improve) investment/rental property, that the interest on that HELOC is deductible. Will this interest be list...