Short answer: An LLC can improve liability protection and simplify ownership, but tax treatment, financing, and transfer logistics matter. Here’s how to decide—and how to do it the smart way. Why Owners Consider an LLC 1) Liability protection (the big one).An LLC helps separate your rental’s risks from your personal assets. If properly formed andContinue reading “Should I Put My Rental Property in an LLC? (Liability & Tax Guide)”
Tag Archives: Real estate
Tax Implications of Refinancing a Property
Refinancing a property can have various tax implications depending on your situation. Here are some key points to consider: 1. Interest Deductibility 2. Loan Origination Fees 3. Property Taxes 4. Home Equity Loans 5. Tax Basis and Capital Gains 6. Possible Taxable Income 7. Points and Loan Modification General Advice: If you have specific detailsContinue reading “Tax Implications of Refinancing a Property”
Accounting Treatment for Real Estate Project Costs
Project costs related to real estate can be tangible and intangible. A simple way to distinguish between these costs is if you can physically touch the item related to the cost; it is tangible while if it just a cost on paper that does not have a physical equivalent, it is intangible. Examples of tangibleContinue reading “Accounting Treatment for Real Estate Project Costs“
Florida Real Estate Accountants 