Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
I'm not a real estate professional in the IRS sense, so if I take money out of my real estate investments as profit, I'm paying ordinary income.
Terrance Teague
New Member!! Excited To Network, Learn, and Grow!!
5 December 2024 | 8 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Avi Manthe
New Member looking to learn about rentals, flips, and development
7 December 2024 | 12 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Kylie A.
Creating a Nonprofit
6 December 2024 | 4 replies
After incorporating you'll want to then file for a tax exemption with the IRS.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
If I was in his shoes I would hop on a plane and see what the hell is going on over there.
Rick Im
Do these expenses qualify for start-up expenses?
6 December 2024 | 10 replies
There’s a silver lining, though—if the cost of the improvement is under $2,500, you might be able to expense it under the IRS’s safe harbor rule.
Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
4 December 2024 | 2 replies
I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified intermediary says they will not confirm the IRS notice applies or whether the 45 day date they gave me is overridden by the notice.
Jed Butikofer
Excess Spending $$$
4 December 2024 | 5 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Orchid Djahangirian
New to real estate and looking to connect/get referrals for agents/lenders
8 December 2024 | 26 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Justin Lee
W9 to 1099 for independent contracts
7 December 2024 | 7 replies
It might help you avoid penalties if the IRS goes after you later.You can claim the labor expenses even without 1099s, but you will technically be in non-compliance.