Navid A.
Deducting Business Expenses & the Standard Deduction
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Luke Henson
Seeking accountant in Charlotte NC area
I'm currently seeking a referral to a quality accountant that can accommodate the following needs:
1) tax prep which includes my personal return and ecommerce business on eBay.
2) advice/guidance on how to prepare ...
Anthony Barbato
Tax deductions through LLC
I know there are a myriad of tax advantages when owning real estate under your personal name, such as depreciation, improvements/repairs, operating expenses, travel, and home office usage.
What I would like to know i...
Zach Fischer
CPA - Buffalo, NY Area
I'm looking for a CPA in the Buffalo, NY area for next year's taxes. Who do you use? I'm trying to find someone who has experience in real estate investment. Thank you!
Charlie Martin
Purchase under an LLC or not?
Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so. The reason is I want to separate my personal debt to income ratio from my real estate investing “business” and...
Candace Wiley
Airbnb Househacking CPA?
Hi all,
I'm looking for a tax professional who can handle my primary home also being a vacation rental. I need to hire someone who knows how to legally file my personal taxes and whether/how I should also file busine...
Joe Howell
How to determine Capital Gains Rate
To all the BP Tax Experts,I am thinking of selling my properties and was doing research on capital gains rates. I ran across this article and was wondering about the income threshold. Is my capital gains rate based u...
Ed James
First Time Flipping a House
I am currently in escrow for my first purchase and I'm hoping to flip in about 6 months. I have a full time job in the construction field and will be doing this part time. I have done a lot of research and have rea...
Eric Bilderback
Need some advise on a seller-financed refi
I hope this is not interpreted as a solisitation I know that is against the rules but I do have a question on my primary residence.I have had problems in the past securing loans because of my lack of W-2 income. I ha...
Ryan Robinson
Non resident tax withholding
We invest in Maryland (which is where our LLC is registered) but we're considering doing a flip in Pennsylvania. To avoid the non resident withholding tax, do people usually create a new LLC in the state in which they...