Hi all - here is my situation.   I am a 100% owner of an S-Corp for the last 2 years. I made some money in advertising. Now that is winding down, I am looking to get into real estate.The funds are currently under the ...

Okay i have a question but my English isn't really good so please understand.(also please do not make this post about why it does not make sense to hold property in an S corp, i already know why, and this is not the p...

I am having trouble finding article which discuss how taxes are handled when flipping properties under an LLC. If you could share an article or help with the below scenario, that would be greatly appreciated.
Our LLC ...

I purchased a house for cash off a HELOC in 2022.  It is in rehab now and no income has been generated from the property.  My W2 life is very simple, so I typically just take the standard deduction. Do I need to itemi...

So I just finished reading Rich Dad Poor Dad. I know, a little later, but I just got around to it. I read it in one sitting. Great book.Robert talks a lot about forming corporations for the tax benefits.He doesn't go ...

Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...

I'm a US citizen and Canadian permanent resident who recently emigrated to Canada, and I am planning to buy rental real estate in Ottawa. I am hoping for duplex or large single family house where I would live in one r...

I am based in Canada but planning to move to US soon. I am investing in few properties in US ( Michigan to be specific), but also looking at other states as well. It's my own money + money raised from F&F. Most of...

"A husband and wife who reside in a non-community property state are sole members of LLC registered in another non-community property state. The entity elected to file as C corporation in previous years. This year, th...

I currently own all my properties under my name and just created an llc.  I also have an s corp for my two restaurants.  Can I keep using my s corp for everything or do I have to use a seperate entity?  Am I able to t...