Dave Telford
From rental to primary residence
We have a rental home in Utah that we're considering selling in the next few years. It has 15+ years of depreciation and about $200,000 equity. We're considering moving into it for two years to save on the capital g...
Erik Kubec
The case for converting a SDIRA to a Roth SDIRA
Hello folks,
I am a novice investor with one property held in a traditional SDIRA. 2 bed condo with a purchase price of $35k, paid for entirely in IRA cash. I have put an additional $12k into the rehab of it, and a...
Nathalie Dortonne
401k penalty for Early withdrawal?
Hi,
Has anyone experienced this before? Is it worth paying the penalty?
https://www.greatfinanciallite...
Stacy Hull
Taxes on selling rental property
I am trying to help my mother sell her rental house. It has just become too much for her to handle. I am worried about the taxes that will be due when we sell. She paid 90,000 cash for it 5 years ago so it has 5 ye...
Lucy Bennet
lower my capital gains tax by raising my own realtor commissions?
I'll be selling my own investment property for $245k. I'm the agent representing both sides. My capital gains will be about $150k.I'm thinking about raising my realtor fees (ie 10%-20%) in order to lower my capital ga...
Juan Lopez
Cash out 401k and Roth IRA
Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
Todd Willhoite
Defer income to 2018?
Can I defer income to 2018 where the tax brackets are more favorable than 2017 by doing the following strategy? I don't want to tie any more money up in tax deferred accounts, but if I make a deposit to my sep-ira or...
Daniel Walton
Flip and Flip Calculator
So after using the Fix and Flip calculator for the first time I realized the calculator asked the purchase price, associated costs and desired profit; however at no point did it ask for my expected tax rate. Anyone fa...
Arthur Voskanyan
Taxes on AirBnB vs Long-Term
Are there special tax brackets for vacation rentals? For example if you do AirBnB, do you pay higher income taxes for a vacation rental because it’s considered self-employment mini-hotel business? And also, if it’s a ...
Robin Cornacchio
Self Directed IRA retirement question
I currently have a home that I purchased outwrite using my self directed IRA. The home is currently owned by my IRA LLC. Once I turn 59.5, can I transfer the house deed into my name directly since I'd be retirement ag...