Thank you so much. This is extremely helpful. How would the debit to the property be modeled in Turbotax? I have reviewed the entire rental property section in ...
Thanks for the reply. When you say included as the basis of you property, does that mean the property value + plus the money we put in should be included on boo...
Thanks for the reply ! I have gotten feedback from several local CPA's and they conflict on how to report contributions and expenses. Was posting here for addit...
Hello,need a bit more clarity on this solution, yes the income from the LLC is considered passthrough. But if you have a multi-member LLC is non-community prope...