Can you take money from roth ira to do construction without paying taxes
Good Afternoon BP!I need some help. I am drawing a blank on the name/category of tax break individuals can receive after selling a home for a gain as long as it is their primary residence for 2 of the last 5 years at ...
Anybody know of a Tax Advisor/CPA to help with tax planning? That isn't afraid of helping drastically reduce tax liability, legally? After receiving my 2020 tax bill, and reading this book, I've came to the conclusion...
Currently 1/3'rd owner in 4 LLCs that each hold a separate single family residence rental. The 4 LLCs are subsidiary LLCs to a parent LLC. If we sell one of the houses is that considered a distribution and we have to...
Investment Info:
Single-family residence fix & flip investment in Savannah.
Purchase price: $111,788
Cash invested: $14,000
Sale price: $160,000
Purchased as primary residence, updated during...
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
Hello all,
closing this week on a triplex in muskegon, opened up an HSA account, set up an LLC to buy the triplex owned by the HSA , my property manager will manage the triplex. I have a high deductible health insura...
I'm interested in self-directing my Roth IRA and investing in real estate.I recently read Tax-Free Wealth by Tom Wheelwright and he stresses the point that you should not nest a tax-advantaged investment in another ta...
I have been listening to several podcasts where people talk about cash out refinancing their property and the money is tax free. How is the money tax free? I'm located in Maine
I'm an agent in Utah working with a client, and if i remember right there is a way for my client to do the 1031 exchange and put it in a trust or like entity to make it so even after there passing and the children inh...