Arshad Hussain
CPA is refusing to include solo 401k in the tax return
My CPA says solo 401k is not allowed in my condition while several providers say it is allowed , who should I listen to. I want to use solo 401k so how can i convince my CPA. He says this link not applies:https://www....
Chad Slater
Solo 401k as a Real Estate Professional
Hi, I am a real estate professional. Can I use my rental income to fund a solo 401k since I'm managing all of my properties? My rentals are held under LLCs.Thanks!
Brady Lucero
Capital Gains + State & Federal???
I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, mad...
Rob Newsom
Am I being silly to limit my properties to states w/o income tax?
I'm in year 5 of real estate investing. I've told my wife that I only want to own properties in states that don't have income tax. The same goes for our personal residence.
I've heard stories of investors, for ex...
Fernando Fiscina
Capital gains as a foreigner
Hello, I'm planning on purchasing a property in Tampa Bay. My plan is to flip the property, rent it out for a bit and sell it within 2-3 years. Being Canadian, what would be the non-resident withholding tax on the sal...
Travis Buck
Rollover from 529 to a roth ira
I have 2 young kids and therefore have two 529 accounts. Each has a fair amount of money in them. After doing some research on the flexibility of a 529 as compared to a roth, I have decided to open each kid a roth ir...
Andrew Angell
Is interest from private lending considered passive income?
I'm in a syndication that pays monthly distributions but will provide a K1 with paper losses due to depreciation.I am looking to do some private lending where I would be receiving a 1099-INT from the borrower on inter...
Andrew Butler
Rich Dad Poor Dad Question on taxes
Hi everyone,This is my very first post and i have a few questions. I just started listening to the bigger pockets podcasts and i am now obsessed. I love learning and trying to educate myself. It quickly became evident...
Arjen Mercado
Tax Implications of Owning a Rental Property Out of State
Hello everyone!
My wife and I are very new to real estate investing. We are both full time software engineers and are very motivated to start our real estate investing journey -- rental properties in particular. We l...
Karen Kasjaniuk
Minor child as investor
My under-10 year old has $500 in her savings account. As a teaching opportunity, we were going to let her 'invest' in our next property purchase. In return, she will receive her allocated portion of net earnings eac...