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23 August 2020 | 48 replies
I'm pretty sure that on Day 1 at Facebook, for instance, no dude sitting in front of a screen working on a team of guys that are delegated the task of improving one possibly better way to share cat pics thinks of himself as a "feline image viral distribution facilitator."
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28 August 2020 | 13 replies
However, construction equipment is 1245 property that if exclusively used in a residential OR commercial rental trade or business would be appropriately classified as class life 57.0, Distributive Trades and Services, 5yr GDS asset.
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23 December 2016 | 30 replies
If you supply zero debt and are risking solely your time it is more common for the money to get closer to 80% of the distributions and the labor to get 20%.Again, there are too many unknowns in what you have presented to add much value on a message board with comments.
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23 June 2017 | 5 replies
If you write your vision down that you will work less than 20 hours a week and derive enough income to have an abundant life - it will happen with time spent making it happen and research.
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26 June 2016 | 10 replies
@Jon Holdman has a number of posts where he showed the math, explaining that the 2% rule was derived from the 50% rule for rents in the vicinity of $500 per unit.
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30 January 2018 | 8 replies
@Chris ClarkDid you review (IRC Sec.72(t)(2)(F)).The distribution may be taken to pay the qualified acquisition costs for a principal residence of a first-time homebuyer who is the IRA owner, the IRA owner’s spouse, or the IRA owner’s child, grandchild, or ancestor of the IRA owner or her spouse.The interpretation is yes a duplex would also fall under this exception since it is your primary residence.The aggregate amount of IRA distributions taken by an IRA owner that may be treated as qualified first-time homebuyer distributions cannot exceed a lifetime limit of $10,000.first-time homebuyer.
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28 November 2017 | 5 replies
gid=212345418&single=trueThe numbers that I used to make adjustments are in no way scientific or derived from equations, they are ballpark numbers I got using my home's appraisal report as reference.
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10 May 2016 | 10 replies
It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.
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7 July 2015 | 36 replies
New investments will be Roth which means all gains and earnings on this chunk of money will be tax free once distributed.
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6 August 2015 | 4 replies
I have one now where the decedent's estate was closed ten years ago and distributed the real property to many different heirs, subject to my loan.