Martin Robertson
Quickbooks Software Question
Hello,We are looking for the correct type of QuickBooks software to use as the website has several different version. Is anyone using QuickBooks to manage their properties and if so which level of software do you use?...
Stephanie McPherson
1031 personal to LLC exchange
Hey guys, I've been listening to your podcast for a few weeks. Can't stop. Won't stop. I'd ask my accountant and attorney this question but you're always telling me the forum guys are free so, here goes:My husband and...
Char Bacheh
taking money from an s-corp to an disregarded entity llc
i made around 8k on my s-corp and i took that money out and put it into my llc how would i have to report it?
Randy Wieland
LLC 1031 exchange after divorce
My wife and I have an LLC. We divorced last year. We are in a community property state. The rental proceeds have been claimed as regular income on our 1040's. We want to sell one of the two remaining properties in the...
Clive Smith
Parent and child llc tax question
Parent llC in wyoming - 50% owned by me and 50% owned by my spouse
Child LLC in North Carolina - 100% owned by parent LLC
We brought one 5 unit property in NC in 2021 using Child LLC name as owner and paid cash.
P...
Ana H.
1031 and multi-member LLCs
I have a rental property in California that is held by an LLC , call it 'California LLC' (my wife and I are the only members) and have filed for taxes in 2017 as a partnership. I am selling this property now and purc...
Will Kirkendoll
buying an LLC, looking for advice
hey Bp, I have a question looking to get help with it. I’m looking to buy an LLC that holds title to a piece of real estate. when the llc bought the property it was quit claim deeded for “0.00” If I buy the llc lets j...
Joshuam R.
SFH personal rental transfer into SMLLC
What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will als...
Jordan Ross
1031 from married couple to llc
We have sold our CA rental property & have identified a 6 unit in TX. The 6 unit needs to be put into an LLC. My question is a 1031 ok to do as married couple into an TX LLC. We have been hearing a single entity L...
Jeff D.
single member llc with another llc being the single member
I have rental property held in an LLC (#1). The sole member of that LLC is another LLC (#2) of which I'm the sole member. So since single member LLC's are disregarded, then LLC #1 is disregarded and it all pa...