Hi Everyone,
I am new to the STR game and wanted to ask about Rental Registration & Inspection Ordinance (RRIO) in Seattle, Washington. How do I know if I need a RRIO inspection? Is this required before publishi...
Our Tax Accountant from Block Advisors moved on with his career and we had to find a new CPA/Tax Accountant. We found one that's seem to be experienced and knowledgeable. He is also a Real Estate Attorney. His advice ...
Hey All,I just had a quick tax question. I hold one-quarter interest in a LLC that currently just holds one two-family home. I know this is looking ahead, but how are taxes handled as a tax pass through entity? Do I ...
I rent out the in-law unit in my backyard. I also have a full time W2 job. I want to roll over my former employer's 401K into a solo 401K so I can more flexibility wrt investments. I don't want to put my rental income...
Hey everyone, I just bought my first duplex and was wondering if I decide to overpay on my monthly mortgage payment, to save on interest paid over time, am I able to expense any of the over payment made against the in...
Hi,
This sounds more like a tax/accounting question but seeing if anyone has any insight here.
My parents just completed a 1031.
Relinquished property and replacement property both under parents names.
Accountant ...
How can I turn schedule E rental income into schedule C rental income? My aim is to open a Solo(k) and fund it with income from rental properties we self-manage. Passive income can't be contributed into Solo(k)'s bes...
Does the $10,000 limit on State and Local Taxes apply to income properties as well? If I exceed that limit on my personal income and property, will that prevent me from being able to deduct property taxes on my incom...
Hi,If I have income and losses from different real estate activities (e.g rental loss and trust deed income), can the loss from rental business be offset against the income from trust deeds? If that matters, lets assu...
The seller for a 12 unit complex I’m looking at has been refusing to provide detailed financials. They sent a flier with high level figures but the numbers don’t look right. This is student housing and sell says the m...