I have already purchased inventory located in China.I would now like to now open a corporation in the U.S. to sell that inventory for profit.What are my options in terms of transferring/selling the inventory to the co...
I’m still learning the financing part of the real estate business but can anyone help me understand the llc aspect of real estate? What’s the person of having a llc when from my understanding you won’t be able to appl...
I am looking to purchase a property and the seller owns three apartment complexes in a C Coporation (He got bad advise). He wants to retire and not 1031 exchange the properties, but does not want to pay taxes twice o...
Hi everyone,
I'm new to the real estate world and would like to pick your brain for a bit. I don't know which should I create, corporation or LLC.
I want to start flipping and also doing some contracting jobs, remod...
So, is the difference between corporate housing and vacation rentals (1) the type of user, or (2) the length of stay (day(s) vs 30 day minimum), or both? Or something else?
Three questions:#1: I have a small time property manager. Is he required to issue me a 1099 form for rental income for 2023 taxes? If yes, what kind of 1099 Form. My larger PM companies issue me 1099 forms with gross ...
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward. Ideally I would like to have at least 1 LTR,...
I am looking at investing in either a turnkey rental or promissory note as an out of state investor (NC) in Illinois. The LLC/Corp is based in Illinois that I will be investing with/in.I want to make sure I fully unde...
I saw the new tax bill passed in December, and there is a change that pass-through entities (LLCs for example) will get a 20% tax deduction. Did I read into this correctly? Are any CPAs out there who could shed some l...