Been filing both an 1120s and a personal tax return the last two years. Now I'm thinking I should just do a personal return only, since my building is under my name personally? Any thoughts?

I personally own a home with the mortgage in mine and my husband’s names, financed as a second home. The plan is to rent it out as short term vacation rental and have it pay for itself and generate income. Our bank sa...

Hey Guys,I'm debating whether or not to set up the LLC as a single or multi member. I have been reading numerous articles/references on which to choose. Still awaiting my accountants response but he is hard to reach.I...

Hi all,I had purchased a long term rental in 2022 with myself and spouse as the original owners. We took the depreciation on our personal tax return in 2022. We transferred the title of the property to an LLC where bo...

I live in Pennsylvania and purchased a STR in Myrtle Beach Area this past fall.  I recently received a personal property tax return.  Yes, there are instructions on how to complete the form.  However, there is informa...

Hello BP I had a couple of questions for you about the attached RE ownership structure.   Specifically:1. For the WY LLC that has a S Corp taxation election does it operating only as a holding company for the other LL...

I've only used an accountant for taxes since setting up the LLC a couple for years ago, and I was looking for any feedback on what is considered market rate for preparing the state and federal returns for an LLC filin...

My partner and I registered a DBA with the county, and put fund together for business investments, will share the profit/loss 50/50. How do we claim the taxes on each individual tax return?

I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...

Please see topic. Am I able to claim investment interest expense using a loan (HELOC etc) to purchase a note?