Any attorneys or risk managers out there that have knowledge on this question? I had an extra family car, that I want to be full time dedicated for use by my PMC staff. I know I could sell it and retitle it into my P...
Hi everyone,I am wondering if there are guidelines for writing off Rental Property investment related expenses on taxes which were incurred before acquiring a rental property. I am looking to buy my first rental prope...
Hey everyone. I am looking for some CPA, legal, or experienced advice on business write offs when investing out of state. I am currently looking at out of state investing and would like to parlay that opportunity to...
Hi, What do i I need to write off travel that is used to look for a property to invest in?Do I need a business license ?Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or ai...
So, I am considering a long term rental property in Florida. We live in Charleston, SC. In addition to having cash flow, this would be a great vacation spot for us. The question is: What are the tax deductions av...
If you did a partial sale/partial gift purchase of a business from your parent and the purchased and gifted portions were discounted( lack of marketability and lack or control discounts)..... If you paid 350k for 51% ...
Three years ago I bought a 6000 lbs SUV for $22K which I traded in this year for $12,500. This is my wifes car, not my work truck so the business use is not 100% I am very surprised in how this trade in adjusted th...
Hi, I realize that I need to speak to a CPA but I am trying to figure out as much as possible before I do so. Any help is appreciated. In 2016 I started a single member LLC. I purchased a property in June but it was...
I have a trip coming up that will be mixed personal/business. We own a rental property in Charlotte, but I also have family in town that I will be visiting. How do I organize this trip to make the most of my deducti...
Hello BP community,
I am about to buy a bunch of lists for mass off marking leads. This will cost a little bit as well as the cost of postal services etc.
I also use Parley2.0 that cost 300$.
Additionally, I drive a...