Your Real Estate Business Tax Questions Answered Vol. 1. – Ft. Tax Attorney Sakinah Tillman

Welcome to your real estate business tax questions answered vol. 1 featuring tax attorney Sakinah Tillman. In this video we give general answers to questions that were asked by real estate investors on how real estate businesses are taxed. Disclaimer – This is legal and tax information, NOT legal advice. For tax advice specific to your individual situation feel free to contact Sakinah Tillman at 410-645-0527 or at [email protected]. Use the code “TPF” for a free phone consultation! Sakinah has a Masters of Laws Degree in Taxation and files income tax returns on behalf of real estate investors.

Real Estate Business Tax Questions Covered In This Video

  1. What State Should I Form a LLC For My Real Estate Business?
  2. How Am I Taxed If I Sell An Investment Property VS. If I Sell An LLC That Contains An Investment Property?
  3. How Am I Taxed on Rental Properties That My Business Owns?
  4. What Business Entity is Best For Real Estate Investing? C-Corp, S-Corp, DBA, LLC, etc.?
  5. If I lend Personal Money To My LLC Can I Write That Off?
  6. What Are The Tax Consequences of a Parent LLC Lending to a Subsidiary LLC? (Original question was please review tax complications for an umbrella LLC lending to it’s other series or sub LLCs).
  7. Can you purchase a property with cash and then have your llc purchase It from you and pay you with interest?
  8. Original Question- My question is about State taxes when buying out of state rentals. I assume that even though
    I don’t have state income tax in Texas if I have a property in Georgia or Alabama for
    example income from that property would have to be reported and a state income tax return
    filed. Does this endanger any of my income from my other properties or W2 job and risk
    having them taxes by the other state? Which I broke down into:
  9. How Does Out Of State Rental Property Effect How I am Taxed?
  10. Does this put my other properties and W2 income at risk of being taxed by the other state?

Have Any More Questions For Vol. II?

Feel free to leave them in the comments or to e-mail me and we’ll try to cover them in the future!