David Williams
Capital gains question
1 February 2025 | 12 replies
What you owe doesn’t affect how much tax you owe.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
31 January 2025 | 12 replies
We are now married and I expect we'll file our 2024 taxes jointly.
Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.
Susan K.
Q on deferred salary to a Solo 401K
30 January 2025 | 6 replies
Best to check with a tax pro to ensure compliance!
Ajay Bodas
1031 Exchange Property from Revocable Trust to an LLC
31 January 2025 | 6 replies
In non-community property states a husband/wife LLC is supposed to be treated as a partnership And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer.
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
I can’t imagine the returns you would have to generate. 22% federal tax, plus 8% state tax, plus 10% penalty.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
They would get that $500K tax free and the rest of the tax would be deferred in the 1031.A very elegant solution that puts $500K tax free in their hands now.
Christian Solis
Choosing my business entity
2 February 2025 | 7 replies
After that is done, head over to IRS.gov and apply for your EIN (Tax ID).
Eric L Conry
Should you sell stocks to pay off a rental early?
2 February 2025 | 17 replies
The 15% tax hit is a one time expense, versus 4.3% is annual interest.
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
31 January 2025 | 7 replies
The promise of accelerated depreciation and immediate tax savings is attractive.