Donovan Lietch
Tax Consequences of Paying out investors
Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...
Eli K.
Which Expenses are fully deductible on a rental property?
I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
Joshuam R.
FL SMLLC > EIN > AS INDIVIDUAL OR CORPORATION
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...
Account Closed
Selling/transferring house to my mother - cheapest way?
I purchased a house less than a year ago fro 280K. Since then it appreciated by about 20K. Also, I put in about 20K of improvements in it.What's the best way to make the transaction and minimize the tax burden? Should...
Anas B.
Inadvertently won auctions, closed on properties, now what?
I was wandering through the listings of the real estate auction website, auction.com, last month and placed bids on two properties I didn't think I would win. Well, when the auction ended on the two listings, I ended...
Steven Zoernack
Will RE hold up this time if stocks tank ???
What does everyone think ? Will commercial real estate hold up this time if stocks tank again or has it all become “risk on”’or “risk off” where all asset classes become correlated ???
Edwin De leon
Why Should I Buy MF Upstate NY if So WHY ? ( INVESTOR ...friendly agents pm me )
I am considering buying upstate NY. I am from NYC, priced out of NYC for investments.Why do you recommend buying upstate NY ?What are the areas upstate NY I should consider buying MF and why ?What are the B & A ...
Lesley Resnick
CPA - HELP! TAX planning questions for BRRRR
I am starting to do my tax planning for the year....ERRRRI am trying to figure out how much I can deduct from a BRRR project. I am not clear on the de minims vs 179 vs bonus depreciation vs 27.5 years depreciation My ...
Ayana Morali
Question about avoiding Cap Gains when selling a rental
Hey all, I'm curious to get your thoughts...
I have a rental property on the other side of the country. I bought it 4 years ago and it's been nothing but a pain (I have another rental not far away that's been much ea...
Anthony Z.
Can real-estate deductions be applied to W4 income?
When listening to the BP podcasts I often hear about different tax benefits such as:Itemized deductions related to acquiring/managing propertiesHome depreciation tax write offDo these things lower the tax bracket of t...