A couple of weeks ago, my wife and I talked with a CPA as we were looking for a CPA focused on the Profit First methodology. During that conversation, we explained our entity structure of our Living Trust owning a Wyoming based LLC which, in turn, owns our STR properties positioned within their own LLCs. We were informed doing such created additional tax burdens as we forced ourselves to file an additional tax report for our trust, which would be taxed at approximately. 35% in addition to our own tax rate and taxes. Everything else I've read contradicts the CPAs guidance, meaning we would only pay taxes based on our own tax rate, including the STR which would pass through on our taxes. Which version is actually correct ... Pass through or trust taxed? Thanks!

Does anyone find that one company over another is much more generous with the cost seg?

Hi guys 😊 I am Ivette from Houston Texas. My husband and I are real estate investors, mostly buy & hold, some flips and I am also a broker. As of this year we have decided to grow our portfolio more intentionally by focusing on new construction developments and building duplexes from the ground up. We have some rentals already and currently have 2 ground-up projects in the works. We would like to use the tax code available to us to reduce our taxes and re-invest the funds. We are first-gen americans and first-gen real estate investors so we started from zero and the goal is to grow our portfolio and gain our time freedom/flexibility to raise our children. We have 2 boys, 3 & 5 years old and we love to travel and learn about different cultures. I am excited to connect with this new group and get our tax strategies dialed in 😊.

Hey Gang, we purchased our first STR in late 2024 in southwest Michigan. I knew nothing about bonus depreciation at the time, otherwise I probably would've tried to push the deal into 2025. 😅 We've been enjoying the process so far, and just recently made the move to our own direct listing site to help further optimize revenue. This site is new to us, so I'd appreciate any candid feedback. I'm also happy to share any tips for anyone else who's looking to build out their own direct booking site/platform. This one costs $10 per year to host and the time I've spent building it will count towards my material participation threshold, although the reality of self-managing is that 100 is not a high bar to hit. www.mishorething.com

Quick question- I moved states and now in Texas. My business LLC is in the previous state of Arkansas. Is there anyone that can help move that entity from Arkansas to Texas ? Who can help with that ? And who can I reach out to !?