Michael Seeker
LLC Tax Question
So I just created an LLC (I can't believe how quick/easy it was). I have am the sole partner and registered as a disregarded entity.
I created the LLC in Nov of this year (2011). I will have no income, debt, fundin...
Kerry M.
I am the only debtor to my LLC. How can I deduct debt repayment if I dissolve the LLC but continue the business?
We are seeking a first mortgage from a local bank for our 4-plex. We had renovated it since purchase. The loan has to have the property titled in our names, not the name of the LLC. How do we account for the deb...
Ryan Hutchins
Selling a Rental Property within year! Tax Consequences, etc.
Hey Everyone!My partners and I built a rental property for $350,000 and have an opportunity to sell it for close to $750,000+ based on comps in the surrounding area for the last month. Construction started in February...
Elizabeth Goff
1031 Exchange of CA to CA, then from CA to out-of-state
I am selling a property in CA with a pretty hefty gain (great!) and would like to do a 1031 exchange to avoid cap gains taxes. I think the opportunities outside of CA are better from a return standpoint, but am hesit...
Dan G.
Income taxes paid out-of-state with rental properties?
Hello,I am thinking about buying some SFH rental properties in the Midwest. I live in Florida. If I buy houses in Michigan, for example, do I have to pay state income tax in Michigan, even though I don't live in Mic...
Adri Jusczak
Duel Residency to Avoid STR Regulations
Hi All, I found a great Airbnb opportunity. I just moved to CA for work and this would be out of state but where my company's office is. In the city I plan on doing STR, if I don't occupy the property, they have a ton...
Randall D Cheney
recapture expenses from sales proceeds before 1031 exchange
We're going to sell some building lots that we have divided off of our farm, and do a 1031 exchange with the proceeds. We'd like to pull at least some of the development expenses out of the sales money before we rein...
Guillermo Beraun
Taxes for non residents
Hello guys,Can anyone tell what taxes are due when a non-resident sells US property?Thanks for any feedback
Justin Goodin
Seller financing capital gain tax
All this content with seller financing says one of the benefits is that the seller avoids capital gain tax. But basically the seller is just avoiding paying a capital gain tax all at once and is instead paying this in...
Jon Schoeller
Solo Roth 401k / Unique Situation
I will try to be as brief as possible about my situation but I do believe it is rather unique. What I want to do: I want to set up a Solo Roch 401k this year and have checkbook power of the account for investing in re...