Lance Lvovsky
Ultimate Guide on Opportunity Zone Tax Incentives!
Last Friday, the Treasury released their Proposed Regulations [REG-115420-18] on Opportunity Zones - possibly the best tax shelter created, ever! At Marcum, we are hard at work putting together insights as we peruse t...
Gurpy Ont
LLC Partnership or Corporation structure
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...
Henry Camacho
LLC as an S Corp
Hello BP Community
I have a question and hope to get as many answers and opinions as possible.
Has anyone registered an LLC but elected to be treated as an S corporation? I have read about this in many sites and a...
Ron Brady
Capital gains tax on LLC-owned inherited properties?
My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
Patrick Sears
Opportunity Fund tax question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Gordon S.
Filing EIN confusion.
Hey everyone, EIN filing time for my single member LLC. My attorney was so kind to include some documentation about filing for the EIN...but alas my simple mind cannot figure out this quote for some reason. Or maybe I...
Jeremiah Ramp
Opportunity Zones Benefits
Hello Bigger Pockets Community, I currently am looking at some properties in bend oregon that are in a designated opportunity zone area. The properties are a blank slate as there isnt much to them, but im looking for ...
MarieChele Porter
Sole LLC formation disregard entity or not?
Hello all,Upon research I have stumbled across a thing called a disregarded entity. Let me give a little background. I plan to become a buy and hold investor starting out in Ohio state living in California. I am going...
Andy Lightner
Tax Ramifications for Wholesaling
all,
i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????