27 May 2024 | 14 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
11 December 2023 | 19 replies
I am not an attorney but I find it hard to beleive that a judge would say, "oh this is a single member LLC, I will not recognize it and therefore you can be sued personally".I think it is moreso the assumption that individuals do not treat single member LLC's as a separate business structure which can lead them into trouble.
6 November 2023 | 27 replies
They can provide guidance on properly reporting the loss and maximizing the tax benefits associated with it.I recognized the format of an AI-generated response.
3 December 2023 | 4 replies
The gains from the sale are essentially rolled over into the new property.If you decide not to do a 1031 exchange and instead recognize the capital gains from the sale of your investment property, you can generally use any capital losses from your stock market transactions to offset those gains.The fact that your wife is a real estate professional may have implications for the treatment of passive losses and gains.
12 October 2023 | 0 replies
As a nationally recognized real estate CPA, I would like to take the time to discuss tax strategies applicable to real estate investment.In the realm of real estate, there are several crucial tax strategies to be aware of.
29 April 2024 | 5 replies
California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.
19 October 2023 | 6 replies
As a nationally recognized real estate oriented CPA, our firm very frequently discusses these strategies with clients who hold investments in real estate.In this article, we will explore some essential real estate tax-saving strategies.1.
17 October 2023 | 3 replies
(a)General ruleNo gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.Profits interests and capital interests are defined in Rev Proc 97-23."
17 October 2023 | 0 replies
While real estate itself typically appreciates in value over time, the IRS recognizes that the physical structure of a property wears down, requiring maintenance and eventual replacement.
11 March 2013 | 10 replies
JeffI think Jeff S. is describing a good indicator of a possible bubble, one that I've been ignoring until now, but one that any experienced street level investor can recognize if they choose to.