James Park
Planning for your child's future college expenses. Vanguard 529
10 January 2016 | 19 replies
While 529 are tax free UNLESS the money is not used for education, then the earnings are taxed at your ordinary income level plus a 10% again on the earnings.
Timothy Wright
Can this be done? Is this even Legal?
8 November 2016 | 17 replies
The funds up to $10,000 would incur ordinary incone tax but not the early distribution penalty.
Daniel G.
Acquisition Fee Tax Treatment
20 January 2017 | 0 replies
I've heard both sides of the argument saying that they are either treated as ordinary income or are capitalized and depreciated as a cost to acquire an asset.Anyone know for sure?
Connor O'Brien
Is it necessary to give my tenants my phone number?
10 November 2017 | 8 replies
The money I pay for the monthly bill can written off as an ordinary and necessary business expense.
Brandon McCadney
Tips on Wholesale Letter to Seller
10 May 2019 | 4 replies
Which one seems more out of the ordinary to you.Hope this helps.
Ricardo R.
Investing with a Builder good/bad?
23 January 2019 | 25 replies
MO better income is ordinary income.
Dennis Soto
How to structure a realtor/contractor partnership ?
19 December 2021 | 4 replies
In the end you both pay a lot of closing costs and split the profits at high ordinary income tax rates.
Michael Reyes
Burt L.
How to Double-Close when Co-Wholesaling: Also a Broker Involved?
17 February 2016 | 4 replies
I'm sure neither party would like to have me in this deal but the contract-holder doesn't have a buyer and I don't want to end up just introducing them and getting cut out or having either side complain about my fee as closing approaches, which wont be out of the ordinary but will be something to complain about as there are extra people in the sale.
John Karl
Structure for JV partnership to pay least taxes
21 March 2016 | 1 reply
This would be taxed as ordinary income.