I am considering taking my social security income early.  I found there is an exception to the earnings amount limits I can make after taking social security when I receive income from rental rooms or apartments for s...

As soon as I started my Corporate job, I was told like many others to max out my 401k contributions to take advantage of my Employer match (100% first 3%, 50% next 2%). So I've been contributing 5% the last 5 years. B...

For the last few years, I have been maxing out both my wife's and my annual roth IRA contributions with savings from work. I am in my late twenties and think of our IRA as more of a bonus later in life then what I am ...

If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...

Does anyone have professional guidance regarding how taxes work regarding private lenders or hard money lenders?  I was on both sides of this question last year and have not yet filed my taxes.Two scenarios to conside...

So I have a family member who is willing to finance my deals but we have run into a hurdle. The family member thinks that if he pulls say $150,000 out of his stock portfolio for a loan that he would be taxed 22% on th...

This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.I realize that people hav...

I thought it would be fun to hear some of your guys' best deals and worst deals. I'm just starting out so I am trying to learn as much as possible. In my research I have learned that a borrowers biggest motivator to c...

I'm new to real estate investing and new to the United States and how taxes are filed here. My dad, a US citizen who lived all his life abroad, sent some cash from my home country to be invested in the US. Spouse and ...

hello all,Bought a MF in 2014 and now I am filling out the tax forms!On the HUD-1 settlement form, I received a credit on the purchase of the MF for the security deposits and the rent collected from the beginning of t...