Hi, I am working on my first property and have a conventional loan, which means my current LLC cannot "own" the asset, which I'm assuming eliminates protection the LLC would provide.I've seen other threads from years ...

After I sell my house I'm going to make 49k profit. I want to build a couple 4 plexes with the money but don't have all my ducks in a row yet. When I get the money, how do I avoid paying capital gains tax and how much...

Hi,
I'm looking to invest out of country into the US market. I currently reside in Alberta. I'm not sure where to start when it comes to structure and tax planning. Does anyone have any advice on this and how to avoi...

Hi BP folks - any Quickbooks DIYers out there?I just started doing Quickbooks effective 2014 and got some help from a bookkeeper to do the journal entries from the HUD1's to add the rental house assets I purchased thi...

As I understand it, if you have not reached full retirement age, 66, your social security benefit will be reduced if you exceed a certain earned income. Rental income is considered passive, so that does not redu...

This question does not apply to me as I do not under-report my income.

But say you are applying for a loan or mortgage and after the 4506 the bank has reason to believe you are not reporting correctly or your income ...

Hello,
I am curious to see what everyone keeps track of during the year to keep their business running smoothly. Especially curious what you all keep for tax season to make it easier when itemizing. How do you keep t...

We just recently set up an LLC. We already own rental property and will gave capital gains from the sale of a couple of properties we need a CPA specializing in real estate to help us moving forward with our new busin...

Hi guys just wanted to put it out there. I bought my first investment property and it's all going well. Now tax season and I need help with separating my receipts and paperwork that will be good for the irs and help m...

Hay Everyone!

I run into a little problem. I set up LLC in Virginia for my consulting business. I'm also using the LLC for my rental property which is In Maryland. And now I have to pay sale and use tax but don't r...