Charles Wang
Do reinstated S Corp in California still need to pay $800?
2 March 2018 | 2 replies
@Charles Wang Yes, you will have to pay the $800 minimum franchise tax insofar as your S corp does not generate taxable income that would cause your franchise tax to be above $800.
Nav S.
Question on capital gains tax on multi-family sale
2 March 2018 | 6 replies
The law lets you "exclude" this much otherwise taxable profit from your taxable income.If you wanted to continue investing, I would consider looking into a 1031 exchange to use the profits of your investment to invest in a new rental property.
Swati V Patel
Using 401k as down payments on multi-family apartment building
5 March 2018 | 20 replies
If you do that it will be considered taxable event, plus you will have to pay penalties for taking early distribution.
Account Closed
Another Newbie Question?
3 March 2018 | 5 replies
After a sale the taxable value will be adjusted to match the assessed value.
Orion McCabe-Gould
Selling duplex in LLC to a 1031 exchange
3 March 2018 | 1 reply
This creates a taxable event for the individual leaving which they are planning on anyway.
Kurt Granroth
Estimating Schedule K-1 as LP prior to investing?
6 March 2018 | 16 replies
What are you trying to determine, taxable income?
Clint Moore
Tax implications on repaying business investment money
5 March 2018 | 8 replies
Originally posted by @Dave Toelkes:Borrowed money that is repaid is not a taxable event.
Robert Huizar
Created 2nd LLC, whats the proper way to fund this? (Details)
5 March 2018 | 3 replies
The distribution should not be a taxable event unless one of you take out more than your basis.
Cody Jensen
Purchasing an Investment Property in Full?
11 March 2018 | 6 replies
Say I have 10K in taxable income and pay $2k if I own the property outright.
Joshua Savage
A home bought with a self-directed IRA
12 March 2018 | 4 replies
The only way to get the property out would be to have the property appraised and then transfer it out of the IRA to yourself as a taxable distribution.