Found out at #NoteCamp in a presentation by Tyler Carter from Nuview IRA that compared to a SDIRA, with a 401K, you can....1. Contribute up to $53,000 ($59,000 if you're over 50) in a year to a 401K where the annual c...
Hi,
I've heard that real estate is a decent tax shelter because it allows for a lot a tax write-offs: mortgage interest deduction, building depreciation, deferring capital gains through 1031 exchanges etc.
I'm less...
Is it allowed to use your own credit card instead of a business card to invest in real estate?
Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...
Hi,I am a NY resident and own:-Owner occupied multi-family property in NY (Where I live)-2 Rental properties in the DC/Baltimore areaI commute to these properties every other month or so for maintenance, checking in n...
My brother has a rental property and has a difficult tenant who runs a home based business. It's an online shop with inventory scattered everywhere. He would like the tenant out (for many reasons) but the tenant wants...
We have a good Tenant who has been operating a daycare, prior to Covid, she had 6 children allowed in the Lease. (State licensed her for 8, but she did not notify us ahead of time about her business). We need to re-wr...
Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
So it seems that the state of Indiana went and passed a law which may or may not allow certain businesses to discriminate against others based upon religious belief. Multitudes of Businesses have come out against the...
I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...