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Owned by Ana

TS
Real Estate Tax Game

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The most resourceful community for real estate investors and business owners who are looking for tax strategies to reduce their tax liability.

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8 contributions to Real Estate Tax Game
Want to invest in a STR but dont have the time?
that's me,- I don't even know where to start! Mike Elefante , a good friend of mine, also super successful STR owner and I are having a webinar on 11/12/24 at 7Pm CT. he is going to share all his information on how to pick the right market, how to differentiate from others and be successful in short term rentals. Register here !
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New LLC requirements - can land you in jail.... ๐Ÿฅด
Please be on the lookout this week for an e-mail for the new LLC registration requirements that are coming due in january!
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New comment 8d ago
Real Estate meetup -Austin
Iโ€™ll be in Austin, TX from November 2nd-6th and would love to connect with local real estate investors. If there are any meetups or interesting projects happening during that time, Iโ€™d be excited to check them out!
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New comment 23d ago
0 likes โ€ข 23d
Brett you should try to attend the food and wine festival if you can!
Transfer Rental Property To LLC
We were advised to transfer title of our STR into an LLC for asset protection purposes. How do we ensure there won't be any undesirable tax consequences for doing that? It's in Idaho, same owners in personal names are the same owners of the LLC. The googler is giving mixed answers whether or not there could be transfer taxes or capital gains taxes triggered by the transfer.
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New comment 29d ago
0 likes โ€ข Oct 20
it depends. when you transfer the title and the bank is aware of this or somehow find out they can actually call back the loan. From a tax perpsective = no taxable event as long as its same LLC. anyone here ever had a call back loan?
College planning
Hi everyone I am Olivia ๐Ÿ‘‹. I would love to share and learn with you guys. I am college planning for a high school sophomore. He is currently taking dual enrollment courses from a local college and I was wondering ๐Ÿค” if we could use the American Opportunity credit for 2024 tax year.
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New comment Oct 21
0 likes โ€ข Oct 18
hi olivia! he would have to be enrolled in half time at the college- which does not sound like this would be the case?
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Ana Klein, CPA
2
8points to level up
@ana-klein-1564
Real Estate CPA as well as Real estate investor. Looking to take my investing to commercial and STR

Active 4d ago
Joined Sep 26, 2024
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