I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
I've been looking through the forum for a bit and I've seen bits and pieces about taxes, but I wanted to know if profits from wholesaling is considered earned income or not. I also wanted to know how entities get tre...
I own one apartment which is netting about 7k per year income. I also am not able to itemize right now since I don't own my own primary residence. I do not have a lot of deductions in other areas. I'd like to postpone...
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
Hi Everyone,I'm presuming that I'm not alone in this and would love to hear how others deal with this situation:1) employee at a company that offers a small matching on 401k2) owner of properties with cash flowWhen I ...
I am interested to see what is deemed an acceptable percentage for the GP/sponsor of a syndication deal. I understand that if the sponsor has some skin in the game, then they will be more likely to make the deal succ...
Hi BP Gurus,We own a rental property but don't have an LLC set up, and don't intend to set up one right now. We need to set up a Solo 401-k through vanguard but they need an EIN to open an account. Have the following ...
Has anyone ever had a problem getting financing for a loan or a re-finance because of showing no earned income? I have liquid cash available but have been turned down for loans because I can't provide any w2's or show...
Been gone a long time from the forums, Hoping someone with tax expertise could help me here. My wife and I have 16 rental units in Kentucky and although we have an on the ground handyman we mange financial things rem...