CuriousDom
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Great point. To continue this train of thought, if it applies to anyone, don't change the ultimate owner (say from just yourself to you and your wife) as it can...
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Why was the roof replaced? Was the cost incurred to simply bring the roof back to the same condition using the same materials?Without knowing all the facts, it ...
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Is your gain qualified for Section 121 exclusion? Depending on your filing status and amount of gain, you may not need to report anything if the gain is under t...
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You are considered a sole proprietor if you don't have a legal entity set up. You have a business of renting your property to your tenants. Please refer to thi...
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I agree with the comments above.One of the reasons people use S-corp. tax classification is to avoid paying self employment tax through K-1 distribution. So as ...
Activity Feed for CuriousDom
- Posted Re: Transfer of single family rental property from one SMLLC to another SMLLC on Investors & landlords. October 2, 2024 10:44 AM
- Posted Re: Talk to me like I am 5. How in the heck do I account for improvements for rental property right before selling it? on Business & farm. October 2, 2024 10:35 AM
- Cheered Re: Transfer of single family rental property from one SMLLC to another SMLLC for Anonymous_. October 1, 2024 3:48 PM
- Posted Re: Sale of the primary residence on Investors & landlords. October 1, 2024 3:39 PM
- Posted Transfer of single family rental property from one SMLLC to another SMLLC on Investors & landlords. October 1, 2024 3:37 PM
- Cheered Re: Existing S-Corp provides money to start another S-Corp for Rick19744. October 1, 2024 3:31 PM
- Posted Re: Form 1099-NEC for rental property on Investors & landlords. August 28, 2024 2:39 PM
- Cheered Re: Is new hardwood floor installation considered a repair or improvement for rental property? for Anonymous_. August 28, 2024 1:45 PM
- Cheered Re: Existing S-Corp provides money to start another S-Corp for Rick19744. August 28, 2024 1:42 PM
- Posted Re: S Corp distributions based on gross receipts or net income? on Business & farm. August 28, 2024 9:07 AM
- Cheered Re: S Corp distributions based on gross receipts or net income? for AmeliesUncle. August 28, 2024 9:00 AM
- Posted Re: Existing S-Corp provides money to start another S-Corp on Business & farm. August 28, 2024 8:50 AM
- Posted Re: Should I file taxes in a state where I earned no income simply bc I used to have an LLC there? on Business & farm. August 28, 2024 8:27 AM
- Posted Re: Can Not File NJ return because I have pass through BAIT. on State tax filing. August 27, 2024 9:03 AM
- Cheered Re: US state residency rules for xmasbaby0. August 27, 2024 8:47 AM
- Cheered Re: US state residency rules for TomD8. August 27, 2024 8:47 AM
- Posted Re: Contributing real property to LLC for rental on Investors & landlords. August 27, 2024 7:44 AM
- Cheered Re: Thanks! I would finance house under LLC upon sale. All... for Anonymous_. August 27, 2024 7:16 AM
- Posted Re: Schedule K-3 part XIII "Foreign Partners Distributive Share ..." required to electronically file but we have no foreign partners on Business & farm. July 23, 2024 10:41 AM