Context: I am currently house hacking a duplex, renting out the second unit for 1k /month while living in the other.How would I report rental income that I receive through Zelle?I will hire a notary to help with doing...

I found an amazing deal (if anyone is paying attention, the cash deal ppl screwed up and I'm signing a buyer/seller agreement tomorrow!)It's $172k as-is for a house that needs int/ext paint and 3/4 of the roofreshingl...

I have an LLC structure, but I own a rental held in my personal name.  This was done so because of loan type and rate.  Can I set up my account with my property manager in my LLC name so that all income and expenses g...

Hi guys,So, how are you folks vetting the in come of applicants that earn cash income (such as wait staff).  Back in the "equitable days" of NYS law, I would have just collected an additional security deposit and/or l...

I am an investment newbie and I partnered with a relative (LLC) on Rental Properties who only pays the interest of the loan then use the BRRRR method.  We purchase properties where I give 30% - 50% of the purchase pri...

I am working on a deal for a MF property. The seller seems to be very disorganized or pretending to be. Bottom line he has provided a PL statement but from his own excel program. Says he isn't filing his tax return ti...

Hopefully this doesn't sound more complex than I need it to be. I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly. Im a fix n flipper, and this is my first year re...

I have a question;

In terms of taxation on income taxes for the IRS, how is rental income treated? For example using AirBnB services?
Let’s say my condo makes 30k/yr in AirBNB before taxes, after all my deductions I ...

Greetings helpful people,
I am unclear on 1099-MISC requirements. I have a duplex which, for the last 5 years has been managed by a professional property management company who at the end of every year sent me a 1099...