Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Eoin Maher
W8 W9 Which for foreigner with US (TN) LLC tax irs help
Hi all! So here's the deal; I'm in the process of closing on a home. I am purchasing it through my TN registered LLC, which is a disregarded entity. I am not a US citizen or resident, but the LLC is TN incorporated wi...
Rich Thomas
1031 from personal name to LLC
Hello,
I have a residential loan on a rental property that is in my name currently. I am planning on selling that property and 1031 into a larger apartment building which will be a commercial loan and held in an LLC....
Alex P.
Taking title as individual instead of Single-Member LLC in 1031 exchange
Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?I hav...
Brian H.
Question about filing for me EIN.
Hey folks!So I have my LLC formed. Most Hard Money lenders wouldn't even consider me without it. Ok, so that is done. Now I need to get my EIN, correct? In the form SS-4 I select that I am a one member LLC. On the...
James Zhang
Single Member LLC Rental Property Taxes Question
I currently have a rental property under my name. However, I would like to have my LLC's name on my property management agreement. Obviously, the property manager requires a W-9 form for income reporting purpose. M...
Ara Abrahamian
1031 Between Old and New LLCs
Hoping you guys can help me understand a nuance regarding LLCs and 1031s.I currently own an investment property under a single-member LLC that's treated as a disregarded entity for tax purposes (let's call it Main Str...
Rich Thomas
Possible LLC conflict
I recently sold part of a property held in an LLC as a disregarded entity. I am doing a 1031 exchange with the proceeds and I am wondering if it is a problem to buy the new property under the same disregarded LLC? I s...
Will Gaston
1031 & Then Deed Over to a New LLC
Question for any 1031 experts out there (cc: @Dave Foster).I'm looking to sell a free & clear property and want to do a 1031 with the proceeds. Would it be prohibited for me to purchase the replacement property an...
Aman A.
LLC in which state and tax return complications
Hello everyone,I live in Washington state and have a few rental properties in Alabama. I want to open a LLC for any future buy and hold deals and keep the properties in an LLC. The LLC will be owned by myself and my w...