Elliot Angus
Seller Finance to 1031
Hello, I am looking to purchase part of a portfolio. The scenario is: The seller (ie. John) currently owns 6 properties. John is looking to sell 1-3 properties now and reinvest some of those proceeds into the remainin...
Evgeny Leytush
Looking for a CPA for tax filing and minor book-keeping (Own 1 Airbnb)
Hi Forum mates,I launched my first Airbnb last year and I am currently doing a cost segregation study. I am looking for a CPA who charges hourly and I need help with 2023 tax preparation (I will be qualifying for 100h...
Ernest Fox
Best way to offset unexpected large W-2 Income?
This year, the company I was working for was acquired. As a part of the acquisition, all my stock options were accelerated and paid out as cash through payroll. This payment will leave me with about $600,000 in W-2 ...
Baha El Far
help me with a smart decision ( short term rental VS long term)
All,I hope you are doing great.I have an apartment 2bed/1 bath that I own and I am not sure if I should rent it out as a short-term rental/airbnb or long term. I heard the tax rates for short-term rentals are higher a...
Andrew Pettit
Accountant Fee to High?
Morning,
My current accountant charges me $725 to do my taxes for my three properties. Is that normal? Or should I go somewhere else?
Thanks.
In today's episode of the BiggerPockets Podcast, we are going to talk about something you may think is a bit boring... taxes..
BUT WAIT! Perseverance
Before you move on to go watch the latest episode of Dancing...
Katie Bond
Quickbooks - Accounting for expenses when property not purchased?
I recently bought a property (using BRRRR strategy) but we had an offer in on one that just didn't work out after inspection. I'm using classes in Quickbooks to keep track of my properties but how do I classify the ex...
Elise Bickel Tauber
New Tax Withholdings Question in Pennsylvania
I recently started my own property management company, but prior to this I was working underneath a large franchise. When I opened my doors to my new company in the last week or two I came to find a new 1099-MISC tax ...
Dylan P.
Purchasing a condo/home outright with an LLC to minimize taxes
I currently rent and have no real estate to my name. An LLC i'm a minority member of is undergoing an acquisition and my idea for planning for my tax bill is to start a new LLC just for real estate, and have the LLC p...
Brenda Williamson
SDIRA LLC Late tax return penalty
So, I filed my SDIRA's LLC 1065 late and received a notification of penalty. A couple of questions: Should I just pay or is there some benefit to requesting abatement? Any particular line of reasoning in such a reque...