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Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business. Properly structuring your bank accounts ensures that every dollar in y...
If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income? Or only against LLC income? thks
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I'm wanting to get started in real estate investing and I want to know how much I should plan to set aside each month for taxes. Is there a best way to calculate how much the taxes will be on rental income? I am looki...
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http://www.forbes.com/sites/janetnovack/2013/03/26/how-real-estate-investors-can-protect-themselves-from-the-irs/
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I am considering buying either a triplex or quadplex sometime next year. I plan to purchase a unit, live in one unit, and rent the other units. Also, it is very likely I will be unemployed next year due to quitting my...
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For those that own farms or ranches, there are many tax credits available. I’ve summarized that top 10 below.
5G Wireless Farm Program Income: As cellular companies are trying to expand their 5G network, this is a ...
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Hi guys,
Isn't there a specific forum for real estate tax and tax saving ideas?
I haven't been on the forums for a long time but I thought that there forums specific to taxes.
Thanks for the input
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If I live in DC and don't yet know where I'll do business (MD, VA, or DC or all three), would it make sense to set up an LLC in the district, MD, or VA? Is this question best answered by a lawyer or a CPA? I'm meeti...
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I live in California and am going to be purchasing a rental property in Kansas City, MO. Do I need to file a tax return in MO as well? When I go to write off mortgage interest and depreciate my property, can I do that...
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Hi All: I'm a 55 year old newbie to real estate investing. I've had a triplex for many years and doesn't really cashflow well. Since I've had it for 15 years (only 9 years left on the mortgage), I have 200k worth of e...