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🏠 Lower Taxes w/ Ryan

1.4k members • $1/year

48 contributions to 🏠 Lower Taxes w/ Ryan
9/10/3PM CST Calls today
I cancelled the calls today for the holiday. If you have a question, drop it on this thread!
1 like • 9d
@Kavita and Orlando Barron saw this in the Tax Strategy Support inbox, you'll be getting a personal reply in TaxDome by end of day today! :)
0 likes • 9d
@Danielle Reneau generally whoever has the "burden and benefit" of the debt is the one that gets the deduction. So if the debt was in someone else's name and you had no legal requirement to repay, it would be more difficult to claim the deductions. If you were to co-sign on the credit card (and therefore have a legal burden to repay) that would be a good way to squash that potential issue Yes, furniture is eligible for bonus depreciation
Address for LLC
I am going to be setting up an LLC for a side project related to the fire station / tap house project we're working through. This separate LLC would have our labeled hot sauce line, as well as an ambulance food truck (shave ice, ice cream, hot dogs, etc.). I had to setup a Traveling Mailbox account for the LLC structure we are setting up with the STR Law Guys. I just asked them if I should use that same address for this new LLC and they said they cannot provide an opinion since this LLC is outside of their contracted scope. They said to ask my CPA, but of course, Ryan's team has said to ask a lawyer...and the cycle goes round and round. I know it's just people's opinions, but hoping someone can provide their thoughts... 1- Yes, might as well use the same address via Traveling Mailbox 2- No, you should use your home address because it's actually mostly out of your home
1 like • 13d
3- get this LLC inside the contracted scope for your attorney and get a proper legal opinion from them😁 If it's me, I would be trying to keep my personal home address out of public records, but just my opinion that is not a legal opinion since I am not an attorney
Potentially purchasing a 2nd STR
If you could invest in another STR using the tax loophole hole and bonus depreciation tax benefits -Where/How would you start researching for your next property purchase? If I wanted to buy in the current location we have our other STR I would want to buy a 4 bedroom to have something different to market than my 2 bedroom option. That seems impossible as we’d need to buy something in the $2M+ range. We love the area we’re in which is why it made sense for this first STR purchase. But if we’re looking at a second - that could potentially be located anywhere. I just don’t know how to assess where to start looking.
0 likes • 13d
Why reinvent the wheel? If you have one successful property at the current location, why not just rinse and repeat? If the property is struggling, that's a different story
Net worth sheet
Can someone share the download link? It doesnt seem to be working for me
0 likes • 19d
@Haylee Glassman Did you click the download button in top right corner? You just can't preview it but download should be working
W9
I closed on a property last week. The property and mortgage are held by an LLC. The property LLC is held by a Wyoming LLC that myself and my wife own. I need to fill out w9's for airbnb and vrbo. I am lost on what i select. Is this a single member LLC since the properties LLC is held by another LLC? Is this a C corp? Is this a disregarded entity? Any help is appreciated.
0 likes • 25d
Are you in a community property state? Husband + wife LLC is usually a partnership if you do not
0 likes • 23d
@William Fearon likely would put the name of the HoldCo LLC on line 1, name of Rental LLC on line 2 (since it's a disregarded entity) and then check box for partnership on line 3a for classification of the regarded entity. Make sure to double check with your tax advisor
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@mason-kimball-cpa-1851
Real estate investor and tax strategist at Tax Strategy 365

Active 3d ago
Joined Sep 4, 2025
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