Nick Gallon Martin
Confused about deductibility of interest on tax return
19 January 2025 | 2 replies
Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.
Jake Thorpe
Tax liens - what do you know?
14 January 2025 | 5 replies
Somebody bought that house at Tax Sale.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
Susan K.
Q on deferred salary to a Solo 401K
30 January 2025 | 6 replies
They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.
Jerry Tello
Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
I set up tax lien as a keyword alert so I get alerted when someone mentions them.
Katie Southard
Do I sell my rental property and take the cash tax free?
28 January 2025 | 1 reply
I want to have more rental properties in the future and could definitely use that income to help fund those, but with the interest rates being higher, it makes me nervous.
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
30 January 2025 | 6 replies
This could reduce your help lower your taxable income if the investment aligns with your lifestyle goals.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
From an internet search"Unrelated Debt-Financed Income (UDFI) is a tax that applies to an IRA when it uses debt"
Travis Smith
Using real estate for tax purposes only
1 January 2025 | 5 replies
Quote from @Travis Smith: Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses.