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7 March 2024 | 3 replies
@Aline EladIf you take funds from an investment account and sell that asset I believe you will owe taxes on that gain even if you reinvest that amount laterIf you took a loan against it then that may be differentNot tax advice and not a cpa just sharing how it has worked for me in the past.
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8 March 2024 | 13 replies
Thanks for the advice!
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8 March 2024 | 21 replies
All of the above is great advice.
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7 March 2024 | 1 reply
I need advice how to do that. never done that before.
5 March 2024 | 3 replies
Thank you all for any advice, I can do the research if someone can just point me in the right direction.
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8 March 2024 | 9 replies
sadly I believe similar results would come from it but i could use your advice!
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8 March 2024 | 8 replies
BUT my agent convinced me to do exactly that and I owe him for hammering that advice.
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7 March 2024 | 7 replies
@Kalen AdamsonNot tax advice as a cpa can respond but typically when you cash in stocks that gain is taxed (if owned for a while at qualified dividend rate).You could take the cash, hold money for taxes and put that money as a contribution to the LLC and then start investing in real estateIf you invest in real estate you may get depreciation etc whixh could be paper loss and potential reduce tax obligation but the entire picture needs to be looked at
7 March 2024 | 11 replies
Without knowing much about your goals my general advice would be to tap the equity and use that equity to purchase more real estate.