Can anyone share proof that a federal K-1 can sometimes result in lost tax benefits? I was recently told that unless an investor is in the top income bracket(s), they will not fully realize the tax benefits of a K-1 w...

I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...

Hello, 
Does anyone know what taxes are deductible through business expense? For example, if you have a W2 job and make 100K. Then you pay 24% on the 15K from the 85K to 100K bracket of your income. Adding the FICA t...

Good Evening All, 

Looking to gain some insight on the Florida Tax requirements for 401k early withdrawal, such as how much will get taxed from the withdrawal and if that taxed money has to be paid up front. 
Anyt...

I'm interested in a property in cincy but it has a substantial amount of back taxes , if I was to acquire this property is there away that I can work out a deal to keep the property to going to auction or also what wo...

I have a home I've been in for 5 years. I want to rent it out to my LLC, stay in the home, pay the rent and write off the expenses. Can this be done? 

I'm acting as a project manager for my parents house they are selling, using it as my first experience fixing and flipping. I don't want to buy the house from them in order to avoid paying capital gains tax when I sel...

What is the tax rate -income tax- for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax?Can you get a be...

HiI have W2 income and short term rental income reported on Schedule E. I file jointly with my wife. Has anyone figured out a way to leverage AB150 SALT tax workaround in this situation to pay California taxes? May be...

Hi All,Merry Christmas!I'm a British expat working in China and have been looking for a way to improve on the poor returns I've seen in China and Europe recently. Some US rental markets do look very attractive, such a...