18 July 2018 | 14 replies
also you could donate the homes to a local charity who then make sure the tenants still meet requirements and then you fill it in and get a tax write off.
17 July 2018 | 12 replies
@Daulton H.Get QBs -easier for accountants to do your taxes, better if you get audited, better if bank wants financials, etc.
24 December 2020 | 9 replies
When tax season comes, we give our CPA access to our QB and send him our W9s from our personal jobs as well.He handles the taxes for the LLC as well as us personally.
15 July 2018 | 1 reply
Good evening,Is it possible to pay tax under one ITIN number and have the property in another name ?
17 July 2018 | 4 replies
If you haven't lived there for more than 2 years, you might also have to pay a capital gains tax on any profits.
2 December 2019 | 4 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
9 January 2021 | 10 replies
Needs to include balance sheet / income statement and tax strategy advice.
19 July 2018 | 8 replies
The two years of occupancy I was referring to was so that I could have the option to sell the property without paying capital gains taxes which I believe is two years.
17 July 2018 | 38 replies
I’d be a hypocrite at that point and I have a higher authority to answer to . .. and Really Your not fooling anybody because it only takes a simple online search or call to the tax assets office to find out who actually owns the building even if it’s in a llc .
21 October 2020 | 145 replies
that's where you want to go hunting.I'm not a lawyer, but a financially sophisticated woman will understand that an engagement ring worth less than $14,000 probably avoids any question over whether the ring is subject to the gift tax.