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2 January 2019 | 2 replies
Any debt financing will need to be non-recourse and the use of debt-financing will expose the IRA to nominal taxation on Unrelated Debt-Financed Income (UDFI).While the leverage is not as high as what you could achieve personally, the BRRR method of investing can be a great way to accelerate the growth of your IRA.
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6 January 2019 | 2 replies
You’ve got the potential for a faster path, but will need coaching or a mentorJust like Monopoly, we can trade up using exchanges and minimizing taxation.
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7 January 2019 | 4 replies
Primary residence qualify for capital gain tax rate or no tax at all if you live in the property for two year.This might be more info than you needed but I would recommend reading few relevant post here on BP.
10 January 2019 | 9 replies
@Price KenneyYou want to connect with an accountant who is very familiar with taxation as it pertains to foreign investors.A couple things to consider.1) Depreciation calculated may be different if the ultimate owner is US or Foreign.2) Corporation tax rate decreases with the most recent tax reform made "blockers" more attractive.3) use of a blocker is favorable to many foreign investors as you are not required to file a US individual tax return and not required to disclose all other personal information to IRS.However, all the facts and circumstances should be addressed before preceding so please consult with a competent accountant.
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3 September 2018 | 12 replies
You are considered to be disqualified person to your 401k and the IRS rules prohibit any transaction between qualified plan and disqualified person.Taking early distribution not only will be subject to penalties, but also to taxation on both state and federal levels, as a result you may end up losing 40-50% of your 401k balance, not a wise thing to do.
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29 August 2018 | 5 replies
C corp is going to be a bit more costly and additional taxation.
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30 August 2018 | 4 replies
So when you sell your new Propery at 375k, you basically get tax at the same amount.if you are eventually going to sell within few month, why spend money on 1031?
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31 August 2018 | 6 replies
They do taxes and bookkeeping, but are also very knowledgable about the laws governing LLCs, as they also help with the incorporation and taxation of all kinds of companies.
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2 September 2018 | 8 replies
I don't fully understand how tax structuring work so here is my question and I don't have the best accountant. I have 5 houses with each home under it's multi-member LLC, my dad and myself. I have been filing each LLC...
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22 May 2019 | 4 replies
@Evan DerheimYou want to consult with an attorney to determine what the best legal protection will you should be(LLC vs umbrella Insurance).From a tax standpoint, there won't be an income tax difference.Please be mindful that you may have to pay the $800 minimum fee requirement for CA with the set up of an LLC.Regarding connecting with a CPA, there are multiple CPA's/Accountant's on the messageboard who specialize in real estate taxation.