Anthony Frandanisa
Business Enterprise vs Personal Insurance
Hello Bigger Pockets, I’ll cut to the chase and keep it short. I am in the process of securing funds to start my investing journey and I sat down to discuss it with my CPA before my wife and I make any purchases. She ...
Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
Rob K.
Sec 199A deduction for Rental Real Estate Question
So for purpose of the Safe Harbor Rule for Rental property owners taking the Section 199a "QBI deduction", my understanding is that starting this year you document that you spent 250+ hours for your "rental real estat...
Norman Wrensch
Richard Smith Enterprise LLC
Has any body dealt with Richard Smith Enterprise LLC?
Keith Meyer
Allocating Purchase Price to Real Property and "Goodwill" Value
I noticed in a recent commercial Purchase and Sale agreement I came across that the buyer in the agreement allocated 70% of the purchase price towards the Real Property, and the remaining 30% to the business enterpris...
Han Qing Zhang
How to get a business loan if we are young company?
My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...
Jennie Berger
How To Get: Chicago Building Materials Tax Exemption Certificate
Hello Chicago Friends-
In doing my own due diligence (which involves calling the city ;) I have not gotten a totally clear answer as to whether or not we would qualify for tax exemption with regards to the building m...
Jose Hammer
Qualified Business Income Deduction for Rental Property
I own 1 profitable rental property and I am retired, keep separate records on my rental property.According to IRS guidance it states: "If an interest in real estate fails to satisfy all the requirements of the safe h...
Natalie Kolodij
Will your rentals qualify for 199A? New Guidance!
Hey guys, Take everything with a grain of salt as the finalized regs were JUTS released today. Thoughts: 1. The IRS issued a safe harbor of 250 hours to offer some clarification. Meaning spend 250 hours on rentals(s) ...
Kaleb Montgomery
What should my business name be
So what do you suggest my business name should be I want to invest In Real estate for the cash flow by using business high limit credit cards should I just name it: (last name) enterprises ? I would like to avoid appl...