All Forum Posts by: Yas Tahir
Yas Tahir has started 5 posts and replied 12 times.
Post: Is passive rental income subject to Self Employment Tax
Yas TahirPosted
- Investor
- Houston, TX
- Posts 12
- Votes 1
No, we rent for a minimum of 1 year, although they usually stay longer. Any CPA recommendation experienced in real estate in Houston, TX?
Post: Is passive rental income subject to Self Employment Tax
Yas TahirPosted
- Investor
- Houston, TX
- Posts 12
- Votes 1
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is this correct? I will also start flipping and I am aware that that will be subject to capital gains. My questions:
1. Is rental income subject to SE tax?
2. Is capital gains also subject to SE tax?