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5 December 2014 | 80 replies
Can you convert taxable interest or dividend income to tax free or tax deferred income?
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7 June 2012 | 59 replies
Originally posted by Tom Cullen:With regard to my SDIRA, I'm still trying to find out if the points I earn are suppose to go into the account as interest (tax deferred), or to me personally as a taxable "lender fee".Both the interest AND the points go back to your SDIRA account.
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6 January 2012 | 23 replies
+ another 3-5,000 in expenses (Car, Gas, Personal Advertising, etc, etc).That leaves our proud new agent with about $11,000 in taxable income....
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27 April 2021 | 7 replies
I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CPAs.
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1 May 2018 | 4 replies
If you failed to correct a prohibited transaction within the taxable period you will be subject to additional tax of 100% of the amount involved.
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29 January 2024 | 10 replies
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower.
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30 April 2016 | 3 replies
You have 60 days to get those funds or assets back into another retirement account, or it becomes a taxable distribution to you.
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27 November 2016 | 7 replies
The improvements done by the HOA could increase the taxable liability of the condo if the tax assessor thinks it does.
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20 September 2016 | 10 replies
It makes sense that they would want a share of the commission but I was under the impression that most agents don't get commission in deals they are involved in, no reason to have taxable income when you can take the 3% off the purchase price.