I was wondering from some of the more experienced investors, is it possible to pay yourself a "salary" and give yourself a W2? This would be coming from your LLC I assume.The reason I ask is because I know there is a ...
If I get laid off from my full time job, does anyone know if my rental income will interfere with getting weekly unemployment payments?
Do you have to claim the rental income when you call in each week or is it consi...
So I left my CPA's office today feeling a little down. I thought that I had some legal loopholes that would help my business out using Real Estate.
Here is the scenario: I have two commercial buildings. One h...
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...
I currently live in and own a three unit building in Chicago. With the rental income I still pay a few hundred dollars a month toward the mortgage/taxes/insurance. Looking for advice when it comes to filing my taxes. ...
I can’t have 401k since no w2, no Ira since is not earned income?What can I invest to save tax if all my product is coming from rental income?
I am a partner in a three-member LLC that holds a multifamily in Lowell Massachusetts.
Currently, I am providing property management services for the building. The other members are not involved in property manageme...
Some SDIRA custodians also offer SDHSAs. On the funding side, IRAs and HSAs are different animals. Retirement account (401Ks, IRAs) contributions must be made from earned income. HSAs, on the other hand, require on...