Mimi H.
Solo 401k + Business Structuring
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 ...
TJ Sinn
Solo 401(k) for Real Estate Purchases
I am curious to see what everyone thinks about using a solo 401(k) to fund future deals? Right now I have one rental property and one residence. I am looking at using a solo 401(k) to invest into for tax savings - and...
Pablo Flores
Best STR market in state with no state income tax?
Currently own/manage 17 rentals in the greater Palm Springs market (Indio,Bermuda Dunes, Coachella). But state income taxes are ridiculous out here. Looking to buy a STR in a market with similar returns as the Palm Sp...
James Park
Planning for your child's future college expenses. Vanguard 529
Just curious to see if any of you have contributed to an education IRA 529 plan for your child's future college expenses. I have heard that the 529 plans in Utah and Nevada area the best as you can select low fee Vang...
Randy Marshall
Should or how can I use my 401K for my first deal?
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
Joshua Myers
IRA Withdrawal and Cost Segregation Question
Alright, I have a question that I can't find information on anywhere. What better place than BiggerPockets to find an answer. So here goes!For 2022 my taxable income is going to be just under 240k which includes; 90k ...
Douglas B.
Can someone explain the benefits of rental income tax savings?
I've heard it said that business income is handled differently than traditional earned employee income. Can someone explain this in an example for me? For example, how is $10k of earned employee income taxed dif...
Eric F.
WA -> Idaho Investing - Property & Income Tax Impact?
I live in Washington near the border to Idaho. I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes i...
John Hixon
IRA Investments
For along time now I have been putting money into my Roth IRA every year. I was wondering if it would be better to take what money I would put into an IRA and just add that to the money I invest in real estate. The ...
Michael Dunn
Rental Income + Taxes + How will this come out on taxes ?
Rental Income + Taxes + How will this come out on taxes ?I need some help and confirmation please, given as how have the year is now over and 2017 Tax season isn't all that far away . This year will be the first year ...