Account Closed
Real Estate Investing
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Adam R.
Protecting Earnings; Partnership, Corporation, etc.?
Almost 2 years ago now, I started my 5 year plan to save up to buy my first house. I decided on a strategy that includes cash, stocks, and bonds to allow my money to grow. As my asset of stocks has grown, it has gaine...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Rich Hupper
Employee Vs Self Employed
Why would a single filer full time employee for ABC company making 100k per year in the 28% tax bracketEver want to becoming self employed and have to start paying self employment tax? So basically 28% + 15%?What is t...
Justin Goodin
3 Kinds of Income. Which Would You Choose?
💡 There are three major categories of income recognized by the Internal Revenue Service (IRS):
📌Portfolio Income
📌Earned Income
✅Passive Income
Nearly everyone is familiar with earned income. It is the income you ...
Helen Rolls
Is there a Bigger Pockets for Investing in Stocks / Paper Assets?
Hi Everyone.I'm trying to put together my first five year plan for investing. My goal is to generate enough passive income within five years to be able to cover my expenses. Or get out of the rat race as Robert Kiyos...
Matt Millard
Is a self directed IRA even worth it?
Even with using the lowest cost IRA provider out there the fee for 4 separate accounts is over $600 annually assuming my wife & I open a Roth & traditional each. If I put this in one of my best investments th...
John Humphries
$30,000 in a Roth IRA wanting to invest in RE. What would you do?
Hi BP SDIRA experts. I'm looking for some advice and opinions. Here's the scenario:$30,000 in a Roth IRA - I'm tired of investing in the stock market and excited about real estate investing. I'd love to use this mone...
Kurt Granroth
Dissecting and Understanding a Schedule K-1
I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...
Bruce Ey
Self-directed IRA funds to rental property
I am 66. Can I transfer some of my self-directed IRA to pay down my mortgage on rental property? Consequences, if any?