Hardy Hodges
CA FTB Penalties on Unregistered Out of State LLCs
Does anyone have practical experience with CA FTB catching unregistered disregarded LLCs, and how onerous are they on penalties? Since the LLCs are disregarded, they dont even explicitly appear on tax returns on Sch E...
Jonathan Chavez
Tax advice | To 1031 exchange to not...
Hello, fellow bigger pocketers. I'm trying to weigh out my options on whether or not to do a 1031 exchange on the planned sale of a duplex I am about to list. I estimate that we will be on the hook for approx $100K in...
Brian Gibbons
Imputed Interest from the IRS - What is that?
I bet if you asked 100 people on Bigger Pockets the would not be able to define "imputed interest".
I am thankful to @Bill Gulley to motivate and to write about "imputed interest" re: seller financing.
...
Adam L.
TurboTax: 3-person LLC invested in larger Apt Complex. How to TT?
So got a question...this is my first time doing this...I'm trying to fill this out in Turbo Tax and understand what to do.I and 2 friends pooled $100k into a small LLC to invest in a large apartment complex purchase (...
Courtney Nguyen
What is the legal limit on interest rate (over Federal Reserve rate) for private loan
Hi BP community,
So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?
For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our hol...
Chester S. Chincuanco
How to tap into my equity?
Hi All, I've been living in my house since 2008 and been house hacking before I even knew there was a term. I currently have a full house, with 4 renters, a dog, and a 2 cats. So how do I tap into my equity to secur...
Bob Lee
in CA, will HOA lien priority higher than Tax lien?
Hi, I am trying to attend CA county tax deed sale. Some property I see huge HOA liens before the Tax lien record. I am wondering if the Tax deed sale will wipe out these HOA liens after the sale? From California Reven...
Garrett Bailey
S-Corp is it worth it?
I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?
Thank you,
Garrett
Casey Lance
Filing taxes with an LLC?
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...
Eric F.
WA -> Idaho Investing - Property & Income Tax Impact?
I live in Washington near the border to Idaho. I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes i...