THE DEADLINE IS JANUARY 31!
Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:
It will allow you to deduct their earnings on your own tax return.It is require...
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...
Hello BP, Im a new Investor and I'm planning on Flipping a house soon once I figure out my funds, but my question is do I need to get an LLC before hand? Or is it just better to have it in general?
I am considering leaving the corporate world (day job) and doing real estate full time. As part of my "plan", I am considering becoming an agent. Obviously I would be starting from the bottom, but I feel my past exp...
Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax. Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is ta...
Hi Lenders - I need your help, I think I screwed up!
I'm preparing to purchase investment properties after 2-years of self employed tax returns and I created an S-Corporation this year. I believe I made a huge mistak...
we have a multifamily property and we would like to have more savings via write offs. is there a way of creating my own property management company maybe under LLC Or some form of entity and then have that manage the ...
I am purchasing my first rental house and wondered if anyone can help fill me in to any advantages to titling in my personal name versus buying in my LLC's name. The LLC is for a construction company I am starting bu...
Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? Is it better to...