While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
We have two rental properties (One on my wife name and one on my name) in South Florida.We are considering to start a company to manage our own properties, this way take advantage to the TAX deductions and goverment i...
recognizes an installment sale as a way to defer a capital gain on a property sale. This can save on taxes by avoiding a bump up into a higher tax bracket if the seller had a huge gain." How do you pay less taxes by d...
Both income tax paid overseas for the capital earning and rental income can be used as a tax break. Income tax paid to the foreign can either be deducted or applied as a tax credit when filing your taxes in the US. ...
Has anyone set up a solo-401K for a real estate investing business? Seems like a great option but as a buy and hold investor not sure how I get around the "earned income" requirement... any thoughts or resources in t...
I'd like to propose a simple question. If you have the ability to source investment capital regularly at a realistic interest rate, let's say 7% APR. Is it wiser to borrow the money rather than 'earn' the money trad...
Are there any strategies to minimize taxes on the profits from flipping? Also, is it advisable to always purchase in the name of the LLC or is ok to do it on my own name if it is a quick flip? Thanks for your feedback.
hello all,so here is the situation, I am just now learning how to handle my own finances. a few years ago I opened a managed roth IRA but this summer I decided it was time for me to actually learn where my money was g...
While using an IRA to invest in property that's been foreclosed on is a fantastic option for increasing tax-free earnings, it's just as important that long-time and new investors know the potential pitfalls and benefi...
Hi BP Gurus,We own a rental property but don't have an LLC set up, and don't intend to set up one right now. We need to set up a Solo 401-k through vanguard but they need an EIN to open an account. Have the following ...