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All Forum Posts by: Drew Poniewaz

Drew Poniewaz has started 21 posts and replied 91 times.

Starting Out

Post: getting paid and avoiding taxes

Drew PoniewazPosted
  • Investor
  • Saint Louis, MO
  • Posts 99
  • Votes 15

I have been reading alot about taxes and 1031s but i never seem to see anything on how you pay yourself without having to pay the higher tax rates for gains and profits. My thoughts are that you can pay yourself off of the profits of a flip and invest the rest into the next one as a 1031 to keep business rolling. Is this what everybody does? Am I just asking the obvious? Or is there something that I am missing? Is there a podcast that would speak to this subject?

0 Votes