Grant Schroeder
CPA Needed for 2021 Taxes - Oregon
Hello BP Community!I am looking for recommendations for a new CPA that is good with Schedule E, responsive, adds great value for the cost, and is knowledgeable. I am not afraid to pay $900-$1,300 for a CPA who knows w...
Patrick J.
How are Married Partnerships Taxed?
If someone was married, 1. Are they allowed to make an LLC with two people or does it automatically have to be an LLP??2. Would it be taxed as a Partnership or just go on Schedule C as an LLC business income? Any pros...
Michael Myers
How to Add Refinance Costs to a Property's Cost Basis
Hey Everyone! I've been working through Brandon Hall's guide to the treatment of closing costs (link) while finishing up a refinance, and I think I have everything figured out except when he says that some costs are "...
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Luis Perlish
Is Louisville, KY a good area to invest in Multifamily?
I own apts in Miami and Multifamily Buildings in Omaha. I want to buy more but Omaha slowly for surely is running out of inventory and has been harder. I was thinking Louisville but I have not even been there. I am al...
Adam Tafel
Airbnb housekeeping systems, what works best?
Background:
I've been hosting in St. Paul, MN since 2015. Current listings include two SFs, 4 apartments, and managing 4 properties for clients. I enjoy just about everything about the business, minus the scheduling/...
Chris Purcell
Repairs - Are you always present as a Landlord?
I guess my question is - when you have somebody come to do repairs - is it OK to schedule the appointment, and have the Tenant let them in on their schedule?Or are you supposed to be there to not inconvenience the Ten...
David Burns
Flipping - mileage as cost basis?
I'm a relative novice investor but I have done several flips and currently have one rental. I do my own taxes but have always struggled with where/how to expense mileage to and from the properties I'm working on. I ...
Jon Kim
Bonus Depreciation for STR then LTR?
Hello everyone, hope all are well, I'd appreciate insight on a question- if I take bonus depreciation after a cost segregation study in a year, then do STR and it's just not for me, can I then convert to long term lea...
Juan Contreras
Limit to how many years you can take a loss against w2?
I make under the limit to be able to deduct 25k against my w-2 teaching income. Is anyone aware of there being a limit to how many years you can consecutively take a loss? I am not sure of how pissed the IRS would be...