It was always under the business.

Have you considered buying a business in the trades?

PMs and realtors want to use people they know that have been in the business and do a good job for them.

Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

Do you use a lot of TikTok in your business?

.: I am getting conflicting information from 2 entities that help create LLCsThe property I am buying is in Arkansas, but I want to open an LLC in Wyoming One entity that helps creates LLCs is telling me that the WY LLC can own a property in Arkansas.Another entity that helps creates LLCs is telling me that the WY LLC cannot own a property in Arkansas, and I will need to create another LLC in Arkansas and the WY LLC will own/manage the Arkansas LLC.Can anyone who has actually created a WY LLC and used it to purchase property elsewhere answer this question for me please?

I’m looking to start a discussion on the best systems and tools brokers are using to efficiently run their business.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

🎯Your QI should be:Independent from your transactionFree from conflicts of interestFocused solely on exchange servicesClear about their role limitationsPRO TIP: Per IRC §1031(k), your QI cannot be:Your agentYour attorneyYour CPAYour realtorYour relativewithin 2 years of the exchange!

I'm really busy with my w2 job working all the time to fund my investments.