Vickie Chambers
Reimbursement for Utilities
Taxes: Where to manually input a Utility Reimbursement that my Property Manager put in Box 3 (other income) of the 1099-Misc? I’m using TaxAct btw.
Chris McHaney
Quicbooks journal entries for saving for taxes and insurance?
Hi all,We self manage our properties and save monthly for taxes and insurance for all of our properties. I can't seem to figure out a way to get journal entries correct in Quickbooks to keep track of each property. Te...
Luiz Souza
Attorney Issues / NEED HELP
A to C transaction. Buyer was fine with zero cc. I negotiated 3% and plan to collect this amount in order to release my Notice of Option. We are planing to close this coming Wednesday. Last Friday I forwarded to the ...
Matt Mertz
Multiple Property Accounting
I'm about to get a second property online and wanted to keep the two properties in separate bank accounts. I use OwnerRez and could probably set up another Stripe account for that property that deposits directly to a...
Nick E.
How to book lender credits on a refinance
Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
Jaime Morales
Self Directed 401k spending
I'm starting my venture into real estate investing. I'm about to open a self directed 401lk. I'm aware of the rules regarding only using this account for all things related to the investment property. Does this appl...
Kerns Churchill
Travel Expenses and Tax Deductions
Hi Everyone,New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expens...
Brock Roorda
Record Owner Finance Land Sale in Quickbooks
Hello,We had some land that we purchased earlier this year and went through the platting process with the county to subdivide. We sold a few parcels off already in a traditional fashion but I have one that has me scr...
Steven Wade
Recommendations for HELOC Originators
Hello Everyone,Do you have any recommendations for a HELOC originator? I want to capture the equity in my primary home(condo) to fund my first BRRR deal. I'm looking into Bank of America as they don't charge annual f...
Alik Levin
Distribution to parent LLC is income but not child LLC expense
Dear all!I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income ...