We are in California, but doing business as a Wyoming LLC, how does this work at Tax time?(Tax deed investing...first year, all losses, but this year some deals in progress)

Here’s my scenario:Parents have passed away and left 2 sons their primary residence (which was in a family trust). Prop 19 requires one of the sons to make the home their primary residence within a year and file exemp...

Hi, I will inherit a multi-family property with no current mortgage and 4 Rents as income along with my Sibiling. She wants to sell to me. But want to retain my Fathers' Prop 13 low Tax basis when transferring ownersh...

Hi Everyone,For QuickBooks setup, should I setup a separate company for my rental and flipping business?  Both are currently operated within one LLC/Tax ID.

I'm looking for additional funds to finish repairs/rehab costs. I've opened a HELOC, done a cashout refinance, and opened a business credit line for the LLC already. I'm trying to be creative and find extra funds if w...

Hello all, my name is Andrew. I'm a new investor and looking to stick to the Kansas City area for now. I am from KCK born and raised and work for the fire department currently. I welcome all advice you might have for ...

My wife and I have created a revocable trust, and I am wondering if I should be putting our rental property into this along with the rest of our assets. It's a duplex and the first of our rental properties. I am unlik...

Hello.  I have a rental home and another person wants to invest $100k and become tic and share in costs profits etc when I receive this money does the irs consider it a sale of the property and taxable or an investmen...

I am trying to sell one of my Solo 401k properties. I've been made an offer of 50% down and for me (my Solo) to owner finance the other 50%. Is this legal? Can someone point me in the right direction? I really need a ...

irs rules for a 1031 exchange are the most convoluted in the entire tax code, IMHO. Nobody "exchanges" a property and a mortgage for another property and mortgage, its usually always sell and buy or buy and sell. The ...