If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...

Hey all, yet another in the long line of cost segregation posts as our 100% bonus depreciation comes to an end :)
I'm going to key up a few of my go-to tax people here: @Natalie Kolodij @Linda Weygant @Amanda Han . I...

Quick question, if i have 10k of liabilities, how do i show that on my 1120s, specifically which line?  It's an operating expense.. 

Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...

Hello BiggerPockets!I've been consuming as much content from BiggerPockets the past 6+ months to plan for an earlier retirement than I initially thought possible. I plan to ease my way into REI by renting out my curre...

Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...

I have rental properties in KS & TX and I use property management companies to run them, but I'm "active" since I materially participate and often make decisions regarding tenants, repairs, HOA notices, and major ...

Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...

Hi, My 7 property are under the same LLC (single-member LLC, 100% ownership).  Therefore, I will report the LLC under my personal tax return.  I have a commerical portfolio loan of 7 rental properties.  One single loa...

Curious to know you guys’ principle pay down for the year. How does that relate to the amount and type of debt you have? I calculated my net worth gain from my amortization schedules - multiplied by my equity percenta...