Both income tax paid overseas for the capital earning and rental income can be used as a tax break. Income tax paid to the foreign can either be deducted or applied as a tax credit when filing your taxes in the US. Fo...

Hello fellow BP'ers,

Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...

I am working on developing a 60% Area Medium Income (AMI), all affordable for a residential building. I am sorting out the number of units. I contacted a handful of developers to get development and land costs. I foun...

Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.

Just out of curiousity because pretty much wholesalers only get checks. Is tax ever deducted or is it deducted from the closing.

I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k.  it appears tax efficient if I tax this income as S-  corporation. i do have EIN for my LLC and all income and expenses wer...

Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...

Hello,My fiancé is on H1b (work visa) in the US and we were looking at investing time in getting a real estate license - as a means to get access to and find deals on the MLS. But then, I came to know about the requir...

I'm working on my first apartment syndication and would like to re-invest part or all of my acquisition fee into the project as more "skin in the game." Is there a way to do this without paying taxes on the reinvested...