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19 August 2022 | 49 replies
Of course there are hundreds of types of inter vivos "living" trusts (charitable trusts, spendthrift trusts, tax bypass trust, gun trusts, etc.)
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15 October 2023 | 8 replies
We also had ~$30k in charitable deductions that we could NOT use in 2022 due to AGI limits.
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6 December 2019 | 11 replies
@Mandy Cohen if the gains are sizable, you may want to look at some charitable giving strategies like a Charitable LLC.
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16 January 2018 | 69 replies
I noticed the only deduction really left untouched is the charitable deduction which is what the ultra-wealthy use as a total scam.
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9 March 2019 | 153 replies
Now they are at the point of donating there 4 plexs in Vegas to their charitable foundation..
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8 November 2023 | 6 replies
Donation to charitable cause (end homelessness).
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12 January 2024 | 10 replies
When you utilize strategies that reduce your taxes, you’re creating immediate cash flow to put back into your business and grow your wealth.As a real estate owner myself, here are some tax strategies that I’d recommend discussing with your CPA.Energy Tax CreditsSolar Tax ProgramHistoric Tax Credits1031 Exchange ProgramReal Estate Depreciation InvestingOpportunity ZonesEngineered Charitable Deferred TrustCost SegregationNet Income Loss AcquisitionLow Income Housing Tax CreditEmployment Tax CreditsThese tax strategies offer so many benefits.
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26 November 2022 | 7 replies
A) Itemized deductions is not only mortgage interest but also real estate taxes, charitable donations, medical expenses, etc.B) mortgage interest and real estate taxes, as it relates to itemized deductions, is only on the personal residence side of a house-hack.Therefore, it needs to be prorated.C) if you buy at the end of the year, your mortgage interest / RE taxes will be small since it will be only 1-2 months worthYou will most likely take the standard deduction for 2022
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30 January 2024 | 8 replies
The only thing I'd have to double check is when is the sec121 exclusion for the $250k capital gains tax exclusion is applied, but I'm pretty sure its applied after...Capital gains is taxed at the Federal level, and I believe from all the discussions also by California.You could tax loss harvest any other capital assets that might be down, e.g. stocks.I don't advocate the charitable donation for the sake of tax...
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5 February 2024 | 0 replies
Evaluation Mechanisms:Implementing monitoring and evaluation mechanisms helps assess the effectiveness of projects and allows for adjustments to optimize impact over time.While the traditional role of non-profits is often associated with providing charitable assistance, this model explores the potential for philanthropy to directly contribute to economic growth and financial well-being across various sectors.