Okay, BP community, I have a tax question and would appreciate any help you can provide.I'm looking to sell my 50% ownership in an LLC to the partner who owns the other 50%. The LLC owns one small apartment building, ...

Hi All,I built a duplex in the district of columbia and had the title company set a condo association. They got  a federal tax id for the association and got bylaws drafted and those done. It was my responsibility to ...

Howdy everyone, I've got a question for you tax and legal gurus. I'm getting highly differing feedback from my lawyer and CPA on the proper structure and taxation of Texas Series LLCs.
The CPA is advising that each ...

Hey any pros and cons of renting to Marijuana dispensary?  I don''t know much about the details of the prop 64 that has passed, but apparently recreational marijuana is going to soon be legal for sale in California.I ...

I have a SD 401k which has an LLC as the plan sponsor. I take distributions from the LLC as the single member. I want to start putting 100% of my distribution into the 401k as a ROTH contribution. If my normal distrib...

Hi everyone, 
I purchased an investment property in 2017 for 67k and I’m selling it today for 91k. I am wondering if I will be charged capital gains on this considered that my wife and have travelled overseas for the...

Hi Guys,
I am new to this group.  I have a couple rental properties and I was advised by my cpa to retitle them in my S-corp.  He also wants my to have my rent paid to the S-Corp and start paying all of the bills for...

My CPA firm is preparing my 2021 taxes, this is my 2nd year using them and I haven't had any notable issues until now. I invest significantly in syndication deals so I have a handful of K-1s from multiple states. I ge...

I am a fresher and making attempts to start investing in the US. While doing all the necessary reading (as suggested by BP) within BP and outside, I come across some negatives by way of doomsayers talking about the 7 ...

Hello!I am in the process of doing my taxes and I am currently just using Turbo Tax (not the best, I know, but I have been struggling to find a good CPA). In 2022 I inherited a property with my brother. We sold it bel...