Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Lance Lvovsky

Lance Lvovsky has started 17 posts and replied 1372 times.

Post: Looking for a personal CPA well versed in syndication

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

There are a dozen or more on the forums. Connect with a few CPAs, and see who you are most comfortable with and who best fits your needs.

Post: Tax Benefits from Rental Property

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

All expenses associated with rental are tax deductible. Depreciation is another benefit.

Post: REAL ESTATE CPA NEEDED?

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

There are probably a dozen or more on the forums. Select a few and speak with them to and then take it from there. See you who you are most comfortable with and who best fits your needs.

Post: North Jersey Accountant's

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

Have you tried searching on here with filters for NJ CPA? 

Post: Looking - Tax Accountant / Tax Adviser in St. Petersburg, FL

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Joshua E. Balkenhol

Good advice being provided above.

Post: K1 Losses for LLC to Individual partners

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Nagesh Pulipati

Need to consider passive loss rules, basis, and possibly at risk rules.

Post: My CPA & I are in a debate about how to categorize reno expenses

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Fabiola F.

If you are holding to sell, then no depreciation allowed. Can only depreciation if rented (placed in service as a rental).

Post: My CPA & I are in a debate about how to categorize reno expenses

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Fabiola F.

Definitely should do bonus on personal property or maybe even de minimis safe harbor may apply. Improvements can be expensed in full or depends what kind of improvements and total amount spent.

Post: can I use an EIN for a rental property I own personally

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Nathan Williams

Yes you can

Post: CPA recommendations in Nashville

Lance Lvovsky
Posted
  • Accountant
  • Fort Lauderdale, FL
  • Posts 1,407
  • Votes 754

@Mark Douglas

I know someone in the area.