- Joined
- Jul 27, 2009
- Messages
- 121
Newbie question:
Should I keep separate bank accounts for each property (when I get my second one ) even if I am the only owner? I could see this if you have JV's on properties.
The follow-on question would be around the accounting. When you file, I know there is a separate for for real estate. But is it one form per property or does it contain an aggregate for all your properties?
I have more questions around this stuff but I will wait and see if the answers to these help clarify the process.
Thanks
Mike
Should I keep separate bank accounts for each property (when I get my second one ) even if I am the only owner? I could see this if you have JV's on properties.
The follow-on question would be around the accounting. When you file, I know there is a separate for for real estate. But is it one form per property or does it contain an aggregate for all your properties?
I have more questions around this stuff but I will wait and see if the answers to these help clarify the process.
Thanks
Mike