Jesus Mendoza
Looking for Tax Person in SOCAL
Hey, does anyone knew of any good by the books but also creative CPA? I'm a real estate agent and a 1099 job and have my LLC. Just my current tax guy is always lagging and never available, thanks everyone!
Anthony Gagliardi
Taxes: Personal distributions from a Refi
My business partner and I own a few investment properties under an LLC. We bought one last year, renovated it ourselves, and didn’t pay ourselves a dime for labor. The mortgage we took out covered the purchase price p...
Bethany Wilk
Personal address and tenant tax filing
Hello! My tenants are asking for my personal address for their taxes...I have only 1 property and am very new to being a landlard. They started renting in July 2023. Am I required to give them my address? I have not e...
Akhtar Nasser
Personal and rental tax separation question
I bought a 2 family house and live in one of the rentals. Renters pay own utilities minus water and sewer. I created a security deposit and a personal account dentoted as a rental income checking account. My next move...
Account Closed
Tax on gift from foreign person
Hi,My parents are looking to gift me and my sister some money this year. I did some research into the rules on taxation for gifts from a foreign person and wanted to confirm my understanding (given innumerable loophol...
Benjamin Chavez
Transfer taxes from business to personal.
Has anyone transferred their property from their business to their name? If so what are tax consequences?
Vid Sista
Vacation home / STR - record purchase under personal or LLC?
I have an LLC I use for my LTR's and other REI and recently purchased a vacation home/STR. It will be used as a vacation home but also an STR when I'm not using it for personal use. I handle all my REI transactions un...
Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...
Jesse Clark
Shelter profits in c corp. Keep off personal tax forms
I currently have student loans that the payment is based off of income(AGI). If I were to put my properties into LLCs that report up to a C corp where profits stayed and could be used to buy more properties, would tha...
Pat McQuillan
How deductibles in an LLC affect personal taxes on 1040
Hi Guys,I'm planning on incorporating a single-owner real estate holding LLC in Delaware/Nevada this year and am wondering what the tax advantages are of doing so. The LLC will focus exclusively on residential multi-f...