James Masotti
LLC - Disregarded entity or requires own filing?
Brandon Hall, Amanda Han, @Jim Kennedy and any other real estate CPA's out there who would like to chime in.I had always done my taxes myself with TurboTax. Last year I decided to use an accountant who has a sizeable ...
Michael Seeker
Self Employment Tax on a Flip
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
Jason Hardin
Business or not
I'm a little confused on the whole "should I start an LLC or a business in any form" topic. A lot of people on here say to not start a business right off the bat but then a lot of the information pertains to having a ...
Account Closed
guru courses,
Hi everyone, I"m a newbie , thinking about joining Ron Legran"s mentoring program or Larry Goin"s has anyone taken these programs and are they recommended? any insight is greatly appreciated, thanks, Ezra
Maria Bocanegra
Greetings from Chicago!
Just wanted to introduce myself here! I've been lurking, reading, planning and cannot say enough about how impressed I am with BP, the information available and most importantly- how genuinely everyone on here wants e...
Kyle Meyers
1099s
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
Jack B.
To sell rental or not to sell
Making about 6.8% cash on cash from rents after expenses. It's a 145K house and although the market is going up, it's small gains compared to my leveraged 500-700K leveraged houses. I've kept it to date as a fall back...
Steve Legnaioli
Setting up HSA’s, IRA’s, or Corps at tax time
I can set up a hsa or ira before tax deadline and stuff it full of money that changes the previous years taxes. This is a common practice used to lower AGI.
Can the same be done with a corporation and allow it to ret...
Diego Salcedo Jr.
Brand new investor
I want to invest in my first income property should I vet a real estate agent or real estate lawyer first. Also, should I form a corporation to protect my real estate assets and personal assets. I'd appreciate any fee...
Gian Piero Bandieramonte
General Parnership and Inheritance Taxes
Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To...