Eli Fazzo
Real estate investing in South Carolina: Worth it at 6% property tax?
26 December 2024 | 31 replies
Explicitly tell them what you're paying for it so you can get the exact number.Also, we do a 25% property tax relief in SC under the ATI bill - so if you fill out that form, you will get a reduction for 5 years.Info below:ATI Real Property Tax ExemptionSouth Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market value” that is the result of anAssessable Transfer of Interest.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
Google for a Service Agent who does Evictions and pay to get them out.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
15 January 2025 | 19 replies
In order to defer all of the tax, you must purchase at least as much as your net sale and use all of the proceeds. if you purchase less than what your net sale you would have to pay tax on the difference, and you would shelter whats left of the gain. 2.
Dmitriy Fomichenko
How to supercharge your Roth IRA or Roth 401k
27 December 2024 | 18 replies
So, instead of paying taxes on $50K, I'm paying taxes on only $21K.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
Meaning if you only 'pay in' on say 50% of your income each year by using the S-Corp strategy that you will also only get a proportionate retirement benefit down the road?
Conte Cuttino
Leave 100k and rent or Flip for 30k
9 January 2025 | 10 replies
I'm not a fan of flipping simply because I hate paying taxes when I don't have to.
Nirek Rao
Attorney specializing in immigration + business + tax laws
1 January 2025 | 1 reply
To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Carolina S.
Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies
The alternative is I pay cap gains taxes and dump the capital into my rebuild project on my primary which would allow me to rebuild without any financing at all.
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
So you are already paying tax on the income.LLC taxed as an S Corp would be different, but I doubt that is your case.