Greg Kehoe
How Do I Amend a 1099 Associated with an IRA Distribution
Over 10 years ago, my wife and I rolled over some funds we had in our IRA's to purchase a piece of property under a self directedIRA administered by a trust company. in the Fall, 2017 I turned 70 and decided to roll t...
Michael Lopez
Hit a Tax Roadblock and I don't know what to do
I am hoping there is an accountant that would be able to assist me with my question because I have hit a roadblock. A couple of years ago I created a Solo 401K account using funds from a frozen pension which was rolle...
Brad Shepherd
Tax implications of deeding out then back to LLC during loan
(This is not a due on sale clause question.) It's common practice to deed a property out of then back to an LLC during a refinance process in order to get better loan conditions. I'm considering this, but nervous abou...
William Walsh
Self-directed IRA distributions
I have a client that owns a condo in her self directed IRA. Can she transfer incremental ownership interests to her own name and report the pro-rata expenses and income on a schedule E? I know she'll have to report th...
Mike Helminger
Who Has Done a Syndicated Deal with Scott Meyers?
I'm looking to invest some funds with Scott's platform. Just curious on feedback from members on the forum how their syndications went/are going. I know he's considered the guru around these parts and has educated man...
John Boby
HOW TO TAKE MONEY OUT OF S CORPORATION
HOW TO TAKE MONEY OUT OF S CORPORATION AND INVEST IT IN THE REAL ESTATE BY OPENING A NEW LLC.
Shawn York
Disbursement from SDIRA
Hi-We have an inherited SDIRA which owns a property. (we converted it to a SDIRA upon death and the SDIRA purchased the property) Since it's inherited, we are required to take RMD's. We want to take a 20% ownership th...
Chris Heeren
Owner Deposits & Withdrawals from Single Member LLC
I currently have a Single Member LLC's in Wisconsin that holds rental property. In 2016 I started depositing funds into the LLC from my personal account to help buy properties all cash, after I refinance them I would ...
Owen Dashner
BRRRR - Capital Gains on Excess Funds Borrowed Over Basis
I'd like feedback on a BRRRR scenario from folks who are in the know about taxes related to capital gains. Let's say you buy a property for cash in an LLC, taxed as a partnership (you have a 50/50 partner). It is bo...
Scott Smith
Dispersing of IRA/LLC?
If I wanted to disperse an IRA/LLC that had real estate, and a small non-recourse loan attached to said real estate, is there any pitfalls to be aware of? I'm assuming there are lender specific rules which I'll explo...