michael374
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Ok so not capital taxes for dealers in a single member llc as all considered income that winds up on schedule c. What about the businessndeductions against inco...
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Gotcha.you sure seem to know your stuff. Thank you!One more: if you are a dealer, could you sell properties and have long term cap gains and in the same year ha...
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Not sure I understand 5-8If an llc acquires fixes up and sells properties using a realtor, the following wouldn’t apply but would they exclude an llc being cons...
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Is an llc without a real estate licensed professional considered a dealer if they buy and sell over 6 properties a year? If so are the property sale gains treat...
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I thought an llc puts it’s expenses on schedule c. That how turbo tax makes you do it. Are controdicting this by saying that llc tax rules are different for a b...
Activity Feed for michael374
- Posted Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses? on Investors & landlords. December 17, 2024 8:22 AM
- Got Cheered for Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses?. December 17, 2024 7:50 AM
- Posted Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses? on Investors & landlords. December 17, 2024 7:42 AM
- Posted Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses? on Investors & landlords. December 16, 2024 6:47 PM
- Posted Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses? on Investors & landlords. December 15, 2024 9:20 AM
- Posted Real property llc claiming LT cap gains ans bus income deductions( $0 income 1 yr) passing through to personal income at the same time. on Investors & landlords. December 15, 2024 9:15 AM
- Posted Re: I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses? on Investors & landlords. December 15, 2024 9:03 AM
- Posted Re: How do I enter net proceeds in the second home sale section when I only have a 1099-S showing gross proceeds? on Deductions & credits. October 1, 2022 8:06 AM
- Cheered When you receive Form 1099-S, you must enter the gross am... for PatriciaV. October 1, 2022 8:05 AM
- Cheered Yes, the number to enter for "Net Proceeds" is the amount... for PatriciaV. October 1, 2022 7:50 AM
- Posted Re: Gross is what I received from the sale on my 1099-S. Wha... on Deductions & credits. October 1, 2022 7:48 AM