Hai Van Nguyen
Do I need to file address change?
Hi friends,I have registered a corporation in Illinois.Before I put the address of the company at my home. Now I would like to change the address of my company to another place, do I need to file any report to the Sec...
Chesil Thye
Changing LLC TO S Corp for filing taxes after a flip.
We just finished a rehab and put the house on market. We are at mutual right now and my partners would like to change our Llc to a S Corp. They say it is better for tax purposes. We will also dissolve the S Corp after...
Maria Balassone
Filing as LLC but never changed Deed/Title. Now we're selling.
It's a jointly owned multifamily rental in Westchester County, NY. LLC was created (2 yrs ago) for filing taxes but we never changed the name of the Deed/Title to the LLC name, it's still under our 3 individual names....
Bill Berke
change use of rental property to business use-filing sched C
when I file I am adding sched C - do I continue the same depreciation formula on sched Ewhat changes do I need- most income on 1099- misc
Account Closed
If filing a new contract extension,can I change date on 1st form?
I might need to file another contract extension. We've already filed one. My question is this: On the first extension we made, can I just scratch out the date, write the date of the next month, and have everyone date ...
Jennifer Bott
Form 3115 for Missed Depreciation - 180 Day Rule
Hello.I am filing Form 3115 to start depreciating (and to catch up on missed depreciation) a rental property that I have had in service since 2010. I assumed 2015 will be the year of change, since I am figuring this a...
Karen Tan
When can you take bonus depreciation?
Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
Hello everyone,
In July 2024, I created a partnership LLC with my girlfriend to buy a rental property. We are now married and I expect we'll file our 2024 taxes jointly. We live in Texas, a community property state, ...
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?
Roan LaPlante
How to legally change ownership of LLC in Ohio
I have a highly specific legal question regarding Ohio business law. I have noticed many other investors here from Ohio.My wife and I were married yesterday. We now wish to convert my real estate holdings to holdings ...