David Rutledge
Capital gains tax help
Hi everyone,
I purchased an investment property in 2017 for 67k and I’m selling it today for 91k. I am wondering if I will be charged capital gains on this considered that my wife and have travelled overseas for the...
Brian Thomason
US born Citizen living in Canada - Tax Advice
Hello, I am currently living in B.C. Canada and looking into buying my first home. I was recently told that it is a bad idea for US born citizens to invest in Canada. From the limited info I gathered, the only thing t...
Tim Jernberg
Real Estate to fund SEP IRA?
Curious if I could purchase a real estate property with an LLC and use the revenue to fund a SEP IRA? Would it have to be the profit only or could I use all of the gross revenue? Any hurdles I should think of? TIA!
John Tarantino
Cost Segregation Questions
1) Will you lose material participation in the cost segregation if your property is in a neighboring state?
2) If you close on a property in December this year. Can it still qualify for 100% cost segregation?
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...
Bryan O.
Solo 401k Attached to Passive Income Entity
Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
Mindy Jensen
Can Rental Income Qualify Me for a Self Directed-Solo 401(k)?
If I have a rental business, can I use that income to qualify me as self employed so I can set up a self-directed solo 401(k)?
@Dmitriy Fomichenko @Seth Tandett
Gary Kane
Absolutely Confused...Let's Get Real about SOLO-401K's
I have been reading (scouring) the forum on SDIRA/SDIRA-LLC/SOLO-401K information, and am absolutely confused! And the more I read, the more cautious I am getting!So what is the real deal on these setups? Do I need t...
N/A N/A
Are my calculations correct ?
Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
Andrew Flora
Cost Segregation Strategies
Hello all,As my portfolio grows I'm looking to become more efficient, especially in the realm of tax strategies. I have heard of cost segregation and bonus depreciation and I have a base level understanding of what t...