This type of income could be considered self-employment income, in which case moving it to an LLC which pays you a reasonable salary could reduce payroll/SE tax.

My name is Reed, I am 19 from SE Wisconsin.

It wasn't the landlord that messed up per se. 

this came out today https://www.kxan.com/news/loca...I reviewed a podcast from a dude who was interviewing a bunch of real estate brokers in Austin and a statement was Del Valle and SE Austin will never become a 500K + community......while all this development is good I always believed demographics and high income drive real estate prices ..

The new salary would be subject to the 15.3% SE tax.

(my area SE PA is seeing very high prices right now).Should I just pull the $40,000 out of my primary to pay off property #1?

If short-term capital gain, the rates are the same but it will be reported differently.There are other considerations in your overall situation, including SE taxes, classification of the income streams, passive vs. non-passive and use of a corporation to name a few.

Hello everyone,
I own a home in Madison Heights that I would like to sell. I’ve moved out of state, so looking for someone who can be a little more active in communication since we’re far away. 
Any references would...

I’ve been seeing a lot of 3/2’s off the market between 200 and 225 in Bethesda (North Durham) and SE Raleigh, which are probably the only places I could buy with my budget, I could probably go up to 25k down since I have a well paying job and could add to the reserves relatively quickly.

Originally posted by @Ryan Avila:@Jon Schwartzhttps://californiaglobe.com/se... welcome!