Michael Plaks
Tax reform Q&A Thread 1 - Pass-through and 20% deduction
Colleagues and friends, The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of pass-through entities (Sch C / Sch E s...
Alex Ballesteros
All my money tied up in investment accounts
I have close to 95% of the income that i have saved over the years from working my W2 job tied up in my investment accounts. ROTH IRA, Simple IRA (thru employer), and in my personal brokerage account.Obviously since t...
Dave Versch
Self-Directed IRA LLC as a partner in an investment
Hi. I currently do all my real estate investing through my Self-Directed IRA LLC. Consequently, I don't need to report my income since it all goes back into the IRA. Up until now, I've been investing on my own, but...
Andrew Taylor
Walk me through income & tax implications
My wife and I are closing in on our first multifamily property, and I'm really enjoying daydreaming about all the positive cash flow and how I'm going to enjoy it. (Don't anybody burst my bubble.)I'm curious about a c...
Account Closed
Capital gains taxes on a flip - state vs federal
Hello!While building a financial model, I realized how mediocre my understanding of taxes are.Assuming a flip is done in less than a year - so short term capital gains - what are the taxes to account for?My current as...
Kellen Driscoll
Partnership advice on multifamily deal
Hey BP,
I am currently looking to partner on a small multifamily deal with a friend. Basically my friend will put up the money for the down payment and I will handle everything else. My question is how should I handl...
Nick Scannell
House Hacking First Duplex - Should I set up a separate bank account now?
TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
Wendy Carpenter
Quarterly Financial Report for Bank?
I have a new(ish) commercial loan on a mini storage facility. I saw in my loan docs that I'm supposed to submit quarterly financial reports to them.Can someone help me figure out how to structure my report or what the...
Brandon Hanks
HELP NEEDED! Real Estate problem that needs fixing.
To all my BiggerPocket Investors and Professionals, I need feedback ASAP.(SCENARIO)I have owned a house for over 25 years as a primary residence and want to move and get a new house. I was thinking about renting it ou...
Andrew S Austell
Tax planning for subdividing and building a new house for sale
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...