![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1311990/small_1621511228-avatar-jameikas.jpg?twic=v1/output=image&v=2)
4 March 2019 | 15 replies
Let me add that I am self employed and my business is out in the area where I currently live.I am excited about getting started, but am unsure of what would be the best avenue.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/952154/small_1621506159-avatar-cynthiam59.jpg?twic=v1/output=image&v=2)
21 March 2019 | 11 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1312492/small_1695534593-avatar-arianap5.jpg?twic=v1/output=image&v=2)
29 March 2019 | 6 replies
So unless someone employed by those companies is active on here you're not going to get a response.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1569231/small_1694960150-avatar-inmerm.jpg?twic=v1/output=image&v=2)
29 November 2019 | 6 replies
When you file your federal income taxesYou'l report it as self employment income most likely
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2567112/small_1686252840-avatar-blakew152.jpg?twic=v1/output=image&v=2)
19 May 2023 | 9 replies
My issue though is my employment history and proof of income since I am just about to start my steady job and do not have proof of prior income/employment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2895/small_1621346336-avatar-david889.jpg?twic=v1/output=image&v=2)
6 September 2007 | 5 replies
She is full time employed but only makes around $36-40 K per year.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1462/small_1621345681-avatar-troyce1.jpg?twic=v1/output=image&v=2)
1 June 2008 | 1 reply
Many real estate LLCs that buy and hold property elect to be taxed as an S-Corp (use IRS form 2553), so that way the bulk of the profits can be paid as salary and you can avoid self-employment tax (up to a certain amount).Again, don't take my word for it...consult a tax professional before you do anything...J Scott
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/26301/small_1621363599-avatar-gemstonessara.jpg?twic=v1/output=image&v=2)
4 February 2009 | 10 replies
Most residential heating companies employ techs who work on a commissions basis.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3558/small_1621346680-avatar-mattbatson.jpg?twic=v1/output=image&v=2)
24 February 2010 | 2 replies
I had a bad falling out with a property management company that screwed me over mulitiple times in the one year I employed them.I never received a 1099 for the rent collected from them.Can they legally withhold this form?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/44061/small_1694717801-avatar-johnson013.jpg?twic=v1/output=image&v=2)
14 April 2010 | 2 replies
I think most of his income is from the fab shop which makes him self employed.