You need to know the net income because that’s the taxable part.

You will pay income tax at the federal and state level if applicable.If you are under age 59 1/2, you will pay an additional 10% federal penalty on the IRA amount distributed.How you get from distributing an IRA to yourself and then investing that in options to a free property is not at all clear.

There is a serious possibility of a major change in power in the federal government after this Fall's election, and with this change we are hearing proposals that could almost double Capital Gain’s Tax Rates, eliminate the Step-Up in Basis and remove Section 1031 Exchange…FEA Leadership and GAC are very aware the presumptive Democrat Presidential nominee, Joe Biden, has a tax plan that will eliminate many “tax loopholes.”

Thanks for ideas.Since the existence of a single-member LLC is disregarded for most federal tax purposes, an individual who owns a disregarded single-member LLC that is engaged in a business and materially participates is subject to SE tax on the LLC's income.There are seven listed test for material participation that determines the passive vs non passive nature of the income.

Logix Federal Credit Union  

Real estate moves quick around here due to the nomadic nature of the huge military, federal employee, and contractor population.

Tax write offs for real estate are taken on your federal tax return. 

I am Federal so my rates are usually closer to prime so when I give advice I always make sure I tell everyone to rate shop!

Thanks in advance :)When you go in with intent to violate the requirement, its mortgage fraud, a federal crime.

@Alex Keathley Why does the federal Reserve (aka "The Fed") do what they do?