Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
THU NGUYEN
Real Estate Professional Status and Loss from Syndication-Passive
Hi All,I am claiming RE professional in 2019. I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership. Ca...
Joe S.
Deals fall through and buyers and sellers change their mind.
Deals fall through and buyers and sellers change their mind. I’ve had one particular property for sale several years ago where we met with the same buyer three different times. Yes you heard that right the same buyer...
Kerrie Carre
Rental loss
My husband and I own 6 rental properties. His sister and 3 children moved into one fully intending to pay rent. However she fell ill, lost her job, and has not paid but a few months rent this year. Of course my questi...
Jerome Wiley
Fair Housing and Screening tenants question.
Can the landlord ask a perspective tenant how many adults will reside at the rental property?
Karen Young
Should I change my LLC taxation status to be taxed as S-corp?
Under the new tax law, is there a benefit to changing the tax status of my LLC? I was listening to a podcast when the speaker mentioned that some RE investors were changing the tax status of their LLC to be taxed as a...
Sharon Carson
Tax repercussions of selling a rental
I'm trying to "crunch the numbers" in regards to the tax repercussions of selling my rental, and doing a 1031.OR, moving back into it for 2 years and realizing the 250k tax break.Trouble is, I bought this as raw land ...
Oscar Miguel
Post Forbearance refinance goals. Rate and Term with a Hud-2nd?
Hello all, I have been doing research for a bit, but I think this issue might be a little new for options to really open up. I thought I'd reach out through these forums to see if anyone has any insight. I am 2 paym...
Ryan S.
Multi-member llc vs Partnership
I have already submitted the paperwork to the state to be an LLC now I am trying to create my EIN #. Should I just click continue and be a mult-member LLC? There will be 3 people in the company so im not sure what t...
Mathew Hilton
Termites in outdoor shed
Hi all,
I have a SFH that I'm planning on renting. There is an storage shed shed adjacent to the garage that has been found to have drywood termites. It's quoted at $2275 to treat, but can I just demo the shed and di...