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...

We own a LTR in Charlotte NC. Thinking about buying an investment lake home at Lake Murray SC for an AirBNB. Don’t want to pay taxes on the Charlotte home sell. Help!

First time landlord/self-property manager here, what are my responsibilities when it comes to hiring contractors and giving/ asking for 1099s? Do i give them or does the contractor give it to me? Is it only for work o...

I am in the process of filing taxes. As an owner of one rental property, I found out that I was/am supposed to send a 1099 to a contractor who did some work for us on our rental property last year, and file a 1099 on ...

In another thread Steven Hamilton II wrote
The penalty for not filling is worse than the penalty for not paying.

This brings up the question do I have to file? I have several companies.

Do I have to file in the fol...

Hi, I'm planning on creating a self-directed IRA with checkbook control, and moving enough money into it to purchase two rental properties. I've talked to and read information from several LLC SDIRA companies (Broad/...

Hello BP Community,My father-in-law would like to gift my wife and I his cabin.  He doesn't care what we do with it (keep it and enjoy it or sell it).  He owes on his mortgage about half the value of the cabin.  We wo...

Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...

Does anyone know of or can recommend a real estate tax strategist/CPA in the South Bend Indiana area?

Hello, I am looking for some guidance on that out of state LLC $800 tax from California. The more I research the more vague it feels. I am in the military and while my home of record is in California I don't actually ...