Nicole Sun
Is Private Lending Income treated as passive or active by IRS?
I have done PL lending inside of Roth IRA. Now want to branch out to my personal fund outside of Roth. A quick tax question - is the income from PL treated as passive or active in the eyes of IRS? Thanks for any insig...
Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Christian B Powe
Where should I move? Next door to you?
Hello all. I just started my own LLC and in wondering where is the best place to cultivate it. I currently live in Nj where the taxes are extremely high, property taxes some of the highest in the nation. I'm looking t...
Art Webb
IRA to Roth IRA Conversion Strategy - Is this a sound strategy ?
Hello, I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what). T...
Luisito Espanola
Tax Deductions In Real Estate Investing
Hello, I'm a newbie in this site and real estate investing. I have a question for all you professional investors. I want to know the best way to setup my company in order to make the most money and pay less taxes. I h...
Tyler Bilinovic
How important is getting an account for tax purposes when entering long term rentals
I have just acquired my first two long term rental properties this year and am looking to take advantage of the tax benefits. How important is it to get with CPA to assist with tax benefits. I have spoke with my paren...
Farruq S.
Landlord's Vs Liability
Does the landlord needs to protect themselves from any potential liability from handymen? Unlike the contractors, the handyman may or may not carry insurance and therefore, in case of any injury at the work site, can ...
Mary Ann Hall
Bought out co-owners of inherited property...will we owe tax?
My mother-in-law passed away in December leaving her home to her four children. To help reduce the family drama my husband and I bought his three sibling's shares in March. We are making repairs so that a nephew can q...
Brian Edwards
House Hacking - Newbie
Hi Everyone!Hope this message finds you well. I recently closed and moved into my 3 Bed/2.5 Bath SFR in Alpharetta, Ga (Northern Suburb of Atlanta). My goal is to house hack, aggressively save and live in it for 2-3 y...
Andrea M.
Emotional Support Animal?
Although this may vary from state to state, I saw this on twitter and was wondering if there is any truth to this. I hope I attached the screenshot/ picture properly, if not here is the quote:
" You can r...