David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Igor Thornton
Taking money from one LLC to fund another, do I pay taxes
Hi everyone! New to posting, however, I have been reading this forum for sometime.I have a full time job ( W2 type job). I also have an LLC (with a partner) providing a service, which has generated profits. I reinvest...
Vidit S.
Who pays taxes for a land trust with LLC as a beneficiary?
Hi - I am getting a land trust in Florida with a LLC as a beneficiary to get a rental property in the trust. This LLC will have a WY LLC as a member for charging order protection. I have been reading some tax laws an...
Jared Schofield
Do I need to pay taxes on my equity after I sell?
I wanna sell my house. Use half for down payment and half to buy a food truck. Will I have to pay taxes on my equity that I cash out?
Bryant Brislin
Pay of HERO loan or let it ride on the tax bill?
I'm in escrow to buy a property where the seller used a HERO loan to put energy efficient windows on the house. The amount of the loan is about 10k which he has amortized for a few years on his tax bill, where he is p...
Daniel Cardona
Seller Financing - What taxes do I pay as a seller and when?
Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
Jessica Brewster
Can I take ownership of property if I pay the late taxes?
Hello my name is Jessica I'm new to this but I've been a member of bigger pockets for a while now. Ok so my question is can I take ownership of a property once I've paid the property taxes on it and I have given the ...
Jessica Brewster
Can I take ownership of property if I pay the late taxes?
Hello my name is Jessica I'm new to this but I've been a member of bigger pockets for a while now. Ok so my question is can I take ownership of a property once I've paid the property taxes on it and I have given the o...
Chiarella Esposito
Taxes onCapital Gain from second home if used to pay off HELOC
Next year we mean to sell a house we purchased for our kids to use while they were in college. We can probably get around 40,000 in capital gain. Will we have to pay taxes on that gain if we use it to pay off a seco...
Jacob Pressures
Apt in GA. Own House in AL. Pay GA taxes. Disqualifies HELOC?
I guess I should have kept paying double taxes. IF i pay taxes in another state, that means that is my primary residence. Thus I can't get a HELOC on the house i own because it is not my primary residence. I stopped p...