by CPA | Aug 28, 2016 | Rental Real Estate CPA
Although there are more than 5 reasons to not own real estate in an S Corporation, we’ve included our top five below: 1 The allocation of income and losses and distributions of cash and property must be made in accordance with the percentage of shares owned...
by CPA | Aug 25, 2016 | Rental Real Estate CPA
There are many entity types to choose from when you’re ready to start purchasing real estate. However, beware, some are much worse than others. In our Real Estate blog series we’ll begin with why it’s not a good idea to set up a corporation in which...
by CPA | Jun 30, 2016 | Rental Real Estate CPA, Self-directed IRA
Many IRA custodians promote themselves as offering a Self Directed IRA, but what that really means is that you can direct your IRA as long as you direct your investments into one of their offerings. In other words, in a custodian controlled self directed IRA, you are...
by CPA | Apr 19, 2016 | Rental Real Estate CPA
Generally speaking, a business activity is considered a passive activity if the taxpayer does not materially participate in the activity. Passive activity losses may only be deducted from passive activity income and since rental real estate activities are considered...
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