Account Closed
Unlocking Wealth: Leveraging Backdoor Roth IRAs for High-Earning W-2 Employees
9 January 2024 | 0 replies
Let's delve into how these facts could significantly benefit high-earning W-2 employees.Tax-Efficient Retirement Savings:A Backdoor Roth IRA allows high-earning W-2 employees to strategically allocate after-tax dollars from their annual earnings into a retirement savings account.
Michael Clark
Question about taxes/ searching for a R.E friendly CPA to do my return
15 January 2024 | 8 replies
On the sale of a property that has had a cost segregation done one it, 1031 exchange or otherwise, this is why having a reasonable sale price allocation amongst the assets is quite important to help minimize the amount of recapture that is recognized.
Stephen Jones
Concerned about investing in an old multifamily apartment complex
2 February 2021 | 10 replies
In addition, allocate a bit more towards maintenance just to be safe.
Austin Laney
Best Way To Create LLC In Texas For Buy & Hold
24 April 2017 | 5 replies
I had signed them in the past as an investor in a friend's business, so I was comfortable with these: pretty much boilerplate language about specifying the ownership split, fiscal year, indicating how partners can exit, what happens if the LLC winds down, etc.I would say if you can allocate a month to take your time with it, it is very easy to do with a $50-75 filing service.
Alissa Thompson
Partnership Tax filing with Cash Investors and Sweat Equity
18 January 2024 | 2 replies
Your accountant does not know how to file a partnership return.The great thing about partnerships is that you can dictate how allocations get split without considering of capital contributions.The only consideration to factor in is that if you do not have any capital contributions, your basis would be $0 and would be limited in taking losses on your individual return based on 'basis-limitation' but that won't impact the filing of the partnership return the way that you are discussing.
Eddie Ziv
Appreciation VS. Cash flow - The clash of the titans....
15 June 2010 | 341 replies
This expense allocation allows for significantly higher cash on cash returns and acts like insurance.
Teo Risquez
Monthly passive investment alternatives
25 January 2020 | 1 reply
I’m considering splitting up the money I allocate to savings on a monthly basis and put half of it in to alternate passive investing platforms.
Joe S.
Why are most self-employed doing for health insurance?
29 December 2021 | 35 replies
I think money should be allocated in such a way as to to provide decent health care to the citizens of our country of every age.
Todd Hensy
Real Estate Investor vs. Mortgage Lending?
11 June 2016 | 7 replies
A typical percentage of a property value to allocate to land value is 20%, or in this example it would be $100k.
Greg Morton
Starting out with debt!
12 April 2017 | 25 replies
That's where things start is getting your finances under control and allocating against the highest interest debts possible.