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Tax, SDIRAs & Cost Segregation

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Billy Raz
  • Los Angeles, CA
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Texas: Net Income Taxes from Single Family Rentals

Billy Raz
  • Los Angeles, CA
Posted Jul 24 2014, 10:38

So,

I know that Texas has no state income tax. Does this include net rent for rental homes under an LLC?

For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any in the form of taxes come tax time?

Thanks for you help!

-billy

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