I recently graduated and college and got married, during the last year while both of those things were going on I also came across BP!

We are both in our 50s and we were both married before. 

I'd like to add in a note or two...Before the passing of the TCJA, Justin's statements were pretty widely accepted - generally speaking, S Corps were the way to go for active businesses like flipping and wholesaling to help mitigate SE tax.Now, with the new tax law in effect, the Section 199A 20% QBI deduction throws a wrench into the plans.There are already a few great threads about the Section 199A deduction on the forums, so I won't beat a dead horse on that but I will say that it certainly should make everyone rethink their entity structure.If you fall below the income threshold for the QBI deduction ($157,500 for single filers; $315k for married filing jointly), it might be more beneficial to forego the S Corp.

I am 22 and newly married.

My names is Josiah and I'm newly married as of two months ago.

married homeowner with new baby on the way in California.

Hello everyone,This is my first post, and I have a few questions.My names Joe, I am 27 married with a 18mo old son,I am currently taking online classes to become an agent (3rd day) in California, I currently live in Texas. but will soon be moving back to Bakersfield California,With the job market for my current field a job looks distant and at the urging of a personal friend and very succesful Realtor and former "power broker" I am entering the field of Real Estate, and he is attepting to bring me on to his current company.My wife and I are interested in possibly picking up a rough foreclosure and rehabbing it, We will most likely occupy the home while in construction, We are currently looking at homes and duplexes in Bakersfield Ca and surrounding farming towns.Our current financial situation is 25K in savings, and 50k in 6mo CD (out in sept), I am currently unemployed in texas and have been since January after moving here for a job and being laid off and we are looking at older homes in the 35-50k range, that need minor to moderate work.

if this is longer term, as you probably intend, and you are making major purchases together....at some point you are common-law married anyway.

He was never coming out of the nursing home and he didn't much care how much he got.A widower re-married and his new spouse refused to live in the prior wife's house.

Look at your filing basis (single, married filing jointly, etc.) and your AGI (adjusted gross income).