How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for... View more
How do you fix a lost abstract?
I'm currently in the process of buy an investment property from a private seller. I have secured financing and I've finished my due diligence. The bank called me yesterday and said that the abstract company was sold... View more
New York City - CPA recommendations
Looking for the BP community to recommend a CPA whom i could have a sit down or phone call with to, get to the basics of LLC set up, Real Estate investing out-of-state, tax advantages/incentives etc.Note - Im based in... View more
House Hack ADU Tax Implications
I am wondering if anybody that has converted their garage into an ADU in CA has had any increases in their property taxes. I am reading the California real estate principles and it appears that the county... View more
Accountants specializing in REI
Looking to connect with local RE accountants for 401k rollover and general advice. Northern New Jersey/New York area. Thanks in advance!
Asset Protection for California Resident w/ Non-CA Property
Hello BP Real Estate Attorneys, Tax Professionals, Attorneys,
What is the best "tax-optimized" asset protection strategy for a California resident who owns several rental properties in Ohio, Florida and Georgia (and... View more
Looking for a Virginia Tax Professional
I'm looking for a Tax professional for 2020 taxes and going forward, who is familiar with the following:
If you'd like more information, please let me know.
Need real estate attorney (South Florida)
Can anyone recommend a real estate attorney we are located in Fort Lauderdale Florida.
Commercial Real Estate Attorney Michigan
Can anyone recommend a commercial real estate attorney in the state of Michigan? I'm looking to modify a deed among other things.
Looking for a solid CPA for personal tax + rental property
I own a rental property in Illinois and am living out-of-state in California.I am looking for a CPA partner to help me file my personal tax as well as guiding me through my first year reporting my rental... View more
Need Help With Huge Property Tax Increase
Hello Everyone, need some advice in regards to an issue with my property taxes. I purchased my first house back in May of 2019. The property taxes at the time were under 2K a year. A couple months ago our house was... View more
Using a DBA, filing joint taxes
My husband and I are in the process of closing on our first property in NY, and its a pure rental/investment property with existing tenants (3 unit multifamily).
We are purchasing under our own names, don't plan to... View more
Provision transfer and quit claim to LLC
I am trying to transfer one of my investment properties to an LLC by provision transfer. I am looking for advice on the process and cost. The property is located in philadelphia, PA. Thanks!!
Rental Expenses Incurred Before Property is Rented
We moved from our primary residence 4/25 and spent a few months painting, reflooring, etc before deciding to rent it instead of selling. It was eventually rented on 8/15. Question is - are mortgage interest &... View more
Has anyone use Rental Hero for bookkeeping?
I have been trying to research the least expensive way to keep my records until I build my real estate rentals more. I tried to set up quickbooks online, but without paying $720 a year for the ability to do class... View more
International Real Estate
Hi there! I am asking for a friend... They are in need of an International Real Estate attorney that could help them with the legalities of buying a property in Cali Columbia. They are looking to turn it into a... View more
Power of Attorney and Fee - Unsecured Private Funding
I was contacted by a company who wants to collaborate with me to purchase and resell houses - a wholesaler and company who works with lenders to access funds. Two concerns arose. 1. The company is asking for a 15% fee... View more
Has anyone used ProVision CPA Firm? (Tom Wheelright's CPA firm)
Has anyone used ProVision CPA firm? Tom Wheelright is the founder and is also the CPA for Robert Kiyosaki. I am not a client of theirs, but have always been curious on the ROI. It's a steep cost to become a client, but... View more
Market uncertainty and capital gains
My wife have been living in one of our rehabbed homes in SoCal for about 8 months now as our primarily house. The house has about $450k in equity and with how crazy peaked out the market is right now we are thinking... View more
Passive Losses Offsetting Pasive Gains?
Hello All, There is lots of talk on here about Passive Losses and if there are deductible or not and if so, to what amounts. To my understanding, if you are NOT a 'Real Estate Professional' (which I am, but have never... View more
Real Estate CPA Help- Tax strategy - What am I missing?
CPA question. I am going to make up some easy numbers for thought experiment for a tax strategy, in my head for the future, but thinking I am missing something. Business owner (Joe) sales a small business ( not real... View more
Filing one's own taxes
Are there any landlords out there that use a software and file their own taxes? We have about 20 properties and was thinking of doing our own taxes. Thoughts?
Looking for a new tax guy!
I only have one property at the moment and the guy we used for taxes last year was the tax guy in my home town...not a real estate specialist. So after 2 calls with the IRS, he did pay all fees but I am looking for... View more
Accountant Referral in Chicago IL
Hello BP! I hope 2021 will bring all the success & prosperity to All.
I'm having trouble finding a great Accountant. Can anyone refer a Rockstar Accountant in Chicago IL ? Thank you
Seeking a CPA & RE Attorney familiar with Act 20/22
Hello everyone! I am seeking an Attorney & CPA that specializes in Act 20/22, residential real estate holdings in multiple states- Florida is the main state as of now-and best legal formation for the hiding. An S... View more