Gary Li
Can I convert Rental Income from Schedule E to Active Income on Schedule C?
I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...
Tyler Nelson
Exchanging services for ownership percentages?
Hello BP community,
Interested to discuss how other real estate professionals exchange their services for ownership percentages in buy and hold deals (multi family <4 units).
Specifically, we would like to provid...
Bryan Findlay
1031 Exchange need advise as to how I should split up proceeds
I will be ahead 150K upon 1031 sell completion and i'm moving that money into the idaho market (ada county near boise/meridian/nampa etc). Most interested in cash flowing but wanting to also best capitalize on this m...
Trevor Fleck
Raleigh CPA Needed
I'm looking for an experienced CPA in the Triangle area who has some rental properties of his/her own who can both provide tax return services but can also act as a real estate tax adviser in structuring business enti...
Robert Shedden
"Rental Property" LLC held in "Property Management" S-Corp
I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
Mirko Lopez
Technical question about 1031 exchange
I want to do a 1031, selling an investment condo and buying an investment house. Eventually I will live in the house but that is down the road. My problem is with the concept of "boot". I have been a broker for a l...
Jash Sayani
Schedule E Basics Questions
Hello,This is my first time filing a Schedule E (Real Estate income) and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...
Rich Weese
Where is everyone?
100 people on the board and NOTHING being posted. WAKE up. Lets chat about something. Mgmt, taxes, hmls, anything. I'm ready to chat. Please! My wife wants me to do honey dos. PLEASE. Rich in FL.
Patrick J.
Any high performing Realtors taxed as S-Corps
Any high performing agents choose to be taxed as an S-corp??? I heard its expensive to manage and you have to do payroll and bookkeeping.
Account Closed
New Tax Law - Big Boost for Small Investors
This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...