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23 September 2015 | 8 replies
An ordinary 18 year old boy with extraordinary dreams.
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9 September 2015 | 13 replies
You'll pay ordinary income taxes on distributions only.
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25 May 2014 | 12 replies
Lets ask @Bill Exeter and @Steven Hamilton II for input, but I'll give mine.No, spec build are not elgible for 1031 because they're ordinary income, not investments.If you have an LLC you own sell you a house it will have zero effect on taxes.
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19 September 2016 | 14 replies
None of the others had reviews at all, and very few of them looked like contractors that did ordinary work.
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14 December 2016 | 64 replies
Also, any interest and points income is taxed at ordinary income rates.
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25 September 2016 | 24 replies
Currently, my exit is planned on all 80 rentals around 2021 from rental properties purchased between 2009 to 2016.I love paper way more but I think free and clear cash flow rentals structured properly for asset protection are a nice hedge against deflation/hyperinflation and also I use the depreciation as write-offs to offset my ordinary income as an agent/real estate professional.
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17 March 2016 | 2 replies
I agree with @Brit Foshee that you should hang in their for the tax-free advantages, but would also advise that you include these issues in your consideration of your next project.
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25 February 2016 | 4 replies
With flipping you'll have No capital gains tax....it's ordinary income plus self employment.
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23 October 2007 | 17 replies
The inexperienced don't know the fine points, or how to deal with anything out of the ordinary, and often don't have relationships with related professionals.