Forrest T Schue
Taxes on a flip
Hello. I’m currently in escrow for a property in Ohio that I was going to originally hold and rent, but now am wanting to flip.
I do not yet have an LLC set up in order to buy this property, and will be buying it per...
Kevin Wattenbarger
Entity Structure- 2nd Real Estate Brokerage Company
What do you think is the best way to structure a second real estate brokerage company? Background: I have a Florida real estate brokerage company (an LLC that has elected to be taxed as an S-corp) that is 100% commer...
Alan M.
Selling building, tenant breaks lease, can I keep safety deposit?
I'm selling a 3 unit brownstone in Boston. I put in leases that required a 90 day notice period but generally treated my tenants well and gave them 5 months of notice so they could get their plans in order as the buye...
Account Closed
Married, LLC, SE tax?
I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return.
How do we set this up to avoid paying self employment tax on the rental llc return?
Thanks
Josue Guerrero
LLC's - Which provides the most tax benefits?
If I were to form an LLC with a partner, what would be the best route to take as far as tax benefits are concerned. Let's assume our strategy is to focus on the purchasing of distressed properties, fixing them up, and...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Jeff S.
Withdrawing funds-LLC
What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
J Scott
Right to Die
Thought this was an interesting article:
http://www.cnn.com/2009/WORLD/asiapcf/08/14/australia.right.to.die/index.html
I know that most people here believe that the government should have absolutely no control over ...
Brian Garrett
Separate LLC for each property?
I often hear investors say they have each of their rental properties under it's own LLC.Does that mean the people who have hundreds of rental units also have hundreds of LLC's?Or is there a better structure that is ty...