Aimee Hill
LLC vs. S-Corp vs. C-Corp in California
I'm super confused as to the pros and cons of each of these entities. I don't have money of my own to invest with so I am starting out by Wholesaling. I've taken a class and have been made aware of 3 options I can s...
Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
Drew Shirley
Taxable Event? Reinvesting Acquisition Fee as Equity
I'm working on my first apartment syndication and would like to re-invest part or all of my acquisition fee into the project as more "skin in the game." Is there a way to do this without paying taxes on the reinvested...
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...
David Gwilt
Single Owner S-Corp - Employment Tax Questions
My wife just recently formed a corporation in CA and elected S-Corp status with the IRS (via form 2553). I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to fin...
Ben C.
Question About Paying LLC Taxes
Hello,I have a 50/50 LLC with my spouse. Obviously that LLC income flows directly onto our personal joint return. The LLC has a separate bank account to keep funds separate. The LLC money has been reinvested in anothe...
Kent Baltare
Legal structure question- TN vs CA
Hello everyone, thanks for reading!I was doing some digging on this topic but after a while of reviewing conversations that were close to what I was looking for I thought it made sense to post the question.I am a Cana...
Brian Morgan
Me big W2, spouse RE pro. How write off 1/3 LLC losses?
Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Zacher Bayonne
Out of State LLC's in Delaware
Hi everyone, I live in Maryland, but want to set up my LLC in Delaware. Has anyone ever done this? If so, has it been worth it? For some perspective, I live about an hour from the border of Delaware.
Joseph Harper
Do we LLC if wife is going for RE license?
So my wife and I were brainstorming thinking about how we want to establish our presence in this market and ran across an interesting predicament. She is looking to attend a class and get her license for real estate a...