Do you have to issue a w2 to a child employee that makes under $12,000??

I am looking for clarification on the tax implications of purchasing investments properties outside of the state of Texas. I currently reside in Dallas where my LLC was formed and will remain based. I am considering p...

I've been doing some research on all these to see which route to take to best protect myself and my assets. I wanted to get advice from those doing this longer then I have.

I have one duplex that was bought i...

I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...

Hi everyone,What are some of the best websites/ books that outline the tax benefits/ loopholes of having and investment property specifically for STR? Thank you!

I'm asking this question for a relative so unfortunately I don't have all the specifics.  Tenant was working in the garage on the property and started a fire.  The garage was a complete loss and the landlord's insuran...

I work a regular full time job and i just started a new LLC for building new construction homes for extra income.. I'm almost finished with my first build which is a 2000sqft 4 bedroom home that I have priced at 195k...

GroupMy wife and I are slowly proceeding towards our goals of being a buy and hold investors.  We didn't make any purchases during 2016.  How do our treat our incurred expenses during 2016? Thanks

I am building a house this year. If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?

From what I understand, you can deduct the entire premium as it is an expense to run the rental property. With prices going up so much, if this lowers your cashflow too much, I feel like you may not look profitable in...