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16 August 2017 | 10 replies
I'm trying to improve my methods for estimating expenses when analyzing deals, and I had a few questions related to property tax.For example, when I look at a property on Zillow, I might see figures like this:Why does Zillow show the property tax as the same each of the past 3 years, if the assessment value has risen?
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17 August 2017 | 9 replies
Primary residences usually sell better and rent worse.And ultimately you are going to want to transition to passive ownership with as much captured deferred tax as possible while freeing up as much tax free money.I personally would not give up the entirely tax free primary until I was ready to leave the area or down size (given that you're close to retirement).
2 August 2017 | 10 replies
The net earnings are only subject to income tax, as opposed to LLC, which is subject to income tax, social security tax and Medicare tax.
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10 August 2017 | 8 replies
But you'll pay tax on the difference until you've paid as much tax as you would have if not doing the 1031.
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30 August 2017 | 88 replies
Real estate lets you use most of what you have with little taxes (thanks to depreciation) or tax-free (thanks to refinancing). 1031 exchanges let you upgrade to larger properties without paying tax as well (in fairness, it's deferred, but indefinitely potentially).That's why I invest in real estate because I believe it's far superior to stocks (just my opinion).
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7 September 2017 | 34 replies
Some people will argue that the Solo gives you checkbook control, but you can set that up with a Roth/LLC structure too.Truly self-directed Solo 401k plan has built-in Roth, allowing to have both: pre-tax as well as post-tax (Roth) accounts within the same plan.
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5 January 2018 | 56 replies
Or when a state like CA enacts a "gas tax" as they did recently .
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18 January 2018 | 3 replies
There may be a state gift tax as well.
28 September 2017 | 23 replies
You can get a different line of credit under the LLC name and the LLC credit card interest can be deducted on the tax as an expense.
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21 September 2017 | 5 replies
It's considered passive income on Schedule E, so no social security or medicare tax as there would be with an active business.