Leroy Butler
Real estate CPA in San Diego
I currently have 4 rental properties in 2 states and I’m looking for a CPA in San Diego area who specializes in real estate.
Robert Johnson
Is the income from a STR considered "earned income" for tax purposes?
From my understanding, long-term rental income is not considered "earned income" but what about the income from a STR or MTR if I self-manage the rental?
Ben Lee
Using LLC to offset Rental income against Active income (W2/Capital gains)
From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...
Henley Smokey
Capital gains on property sold as LLC but also used for personal use?
Hi there,
I have a property that's in an LLC and has been used as both a longterm rental as well as a primary residence (this includes 2 years total within the past 5). If I choose to sell it in it's current LLC stat...
Chetan Vihite
Buying vehicle under LLC section 179
Hello Fellow investors, newbie question here. I am planning to purchase a vehicle that weights over 6k, my question is:do I have to buy it under my llc to take advantage of section 179? or I can buy in my personal nam...
Kaaren Hall
Your IRA-Owned LLC Needs To File a BOI in 2024
Important 2024 Update for IRA-Owned LLC Investors: New Reporting Requirements Under the Corporate Transparency Act
Attention Real Estate Investors with IRA-Owned LLCs! As of January 1, 2024, a significant change is...
Vincent Chen
What is really about passive invest or passive investor legally?
Right now,I am just about to begin to my real estate investor.I am H1B working visa who have a full-time job in financial industry.After search tons of the threads,I have the questions regarding the legal issue for my...
Leta Eydelberg
Transferring property into LLC
I have read many discussions here but could not find the answer. My husband and I are competing 1031 exchange and buying several investment properties. We had the initial property in our name and as a result these new...
Jered Sturm
determining the cost basis for inherited home?
I had a good friend ask me this question today and I was not sure on the answer. Before I call our tax advisor to help my friend I would love to hear from the wise people of BP on the Issue. My friend bought a vacatio...
Travis Andres
California LLC registered in Ohio?
We live in California and set up an LLC here for a real estate investing business, but looking to invest in Ohio, so want to know if we need to register our California LLC in Ohio? Or create a new LLC in Ohio?Thanks!