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Results (10000)
Kumar Gaurav Living in NJ remote work in CA pay tax in both states?
12 May 2021 | 5 replies

Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. Do I owe taxes in both states even though I did not live in CA?Thanks

Account Closed Using IRA money to fund first purchase
1 April 2015 | 8 replies

I work for a bank and during IRA training today it was briefly brought to our attention that the IRS waives its 10% premature penalty on a Traditional IRA distribution if that distribution is used for a first home pur...

David Howarth Negative Cash Flow
24 March 2009 | 1 reply

If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?

Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...

Noel R. What are the tax benefits of seller financing as the seller?
11 September 2018 | 3 replies

 I have the inside track on a property which is owned free and clear and the owner stands to make a huge profit. 500K+ With seller financing can he delay or minimize his capital gains? Any good books where I can find ...

Ronald Perich Continuing to learn about rentals - taxes?
9 July 2014 | 6 replies

So I have been around BP for about a month now. Every day I learn something new, but I don't get to post a lot because I usually look at the site on my Android device. Unfortunately, it doesn't work so well with BP fo...

Alexander Timberlake Solo 401K Questions for REI
27 December 2016 | 18 replies

Can someone explain the details of a solo 401k? Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?-Is the Solo 401k the same thing as a self directed IRA? (except for ...

Rich Weese 3.8% tax on future real estate sales!!!!
11 March 2012 | 15 replies

There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...

Bryan Sturman Is it worth creating an LLC just for wholesaling?
27 October 2021 | 9 replies

I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.

Sam Williams Taxes on wholesale while working a day job
17 February 2015 | 5 replies

When you're part time wholesaling while working a day job how do you handle your taxes?  Do you set aside 35% from wholesaling then pay quarterly?  Then do you change the way you file taxes on your day job? Sam Williams

Luke J Nelsen Is a 23% Effective Tax Rate Too High?
8 November 2021 | 4 replies

Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...