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All Forum Posts by: Lisa Leon

Lisa Leon has started 1 posts and replied 4 times.

Post: Raleigh,NC CPA Referral

Lisa LeonPosted
  • Posts 4
  • Votes 0

Yes I would greatly appreciate. I’m an accountant but don’t specialize in real estate taxation.  Thank you in advance.

Thank you so much for the insight. I see you are in Fort Lauderdale as I am too. I will take your recommendation and consult with a tax accountant.

I figured a 1099. Would it be wise to open an LLC to have the check written to the business vs. my name. I'm not sure if this is accurate, but under an LLC you fall under a lesser tax than filing under self employed, etc. Is this a question for an accountant?

My husband and I partnered with a friend to purchase our 1st deal. They put all the funds for the purchase and rehab cost. We agreed to split the proceeds after close. My husband and I did all the work and renovations. Should I open our own LLC so that the check be in the business name for tax filing purposes? He mentioned to discuss the taxes. Is it right that I have to pay any of his personal taxes for this deal? Can someone advice.