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I have a client with a two member llc and the main activity
Hello i have a client with a two member llc and the main activity is rental income from multiply rentals homes and they are actively doing it as Business, where do i record the rental income on the 10… read more
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For LaneHi Lane,Are you available to answer a question and are you familiar with cost segregation studies involving accelerated depreciation. Question isn't about the study itself but an issue about b… read more
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I have a client who has an LLC which is a partnership. The
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I have a SMLLC that owns self-rental properties and the 100%
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If an individual (borrower) pay interest on a loan to
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Is income from sublease subject to self-employment tax?
Taxpayer owns 13 properties in a partnership. The partnership leases a residential house and subleases that house to a tenant. Would the income generated from the sublease be treated as active income … read more
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Sure I bought property two years ago and part of the deal
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I am finishing up my 2014 taxes (had an extension). At the
Hello, I am finishing up my 2014 taxes (had an extension). At the end of 2013, I created an LLC (call is Real Estate LLC) for the sole purpose of purchasing a commercial real estate property and leasi… read more
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I have 3 buildings (3 addresses) of rental properties to
I have 3 buildings (3 addresses) of rental properties to claim. The pickup truck is registered under company name, I use it for snow shovel, trash removal, repairs and maintenance for all 3 places. I … read more
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Let me re-phrase my question. If we are a partnership that
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Typically if you have investment properties owned in your
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Lev: A multimember (4 members/two married couples) LLC was
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Hello, I am a partner in a LLC Partnership. We own a single
Hello, I am a partner in a LLC Partnership. We own a single family home that is rented and we report income and expenses for the rental activity on form 8825 while reporting other expenses on 1065 for… read more
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if my llc (not me personally) owns the real estate the business
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I have a single family home that I use in my rental real estate
I have a single family home that I use in my rental real estate LLC. For 2011, my mother lived in this house and did not pay rent. As a result, it was rented below fair market value for 365 days and a… read more
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