Henry Li
part time real estate agent tax - are they double taxed?
so... both my wife and I have a W2 job. let's say our income is at around the 24% tax bracket. And then my real estate sales "part time" let's say I made 50k in 2019. Does it mean the 50k commission income has to be ...
Tiffy W.
LLC's R/E losses to Personal Income tax 1040
Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...
Candice Crawford
Best tax tragedy to move income in an partnership LLC
Hello, First time operating my business in a partnership LLC. I have just made my first real estate deal. I would like to open a whole life insurance policy on myself and put recently earned funds into it. Basically c...
Charles Player
Create a company for Rehabbing?
Looking to go into business with two other fellas. What would be the best way to go about doing this? Start an LLC???
Suzanna Lam
Solo 401k and S election
I just recently open a solo 401k for my business (single member LLC with me and my hubby being the members) with me being the trustee. So I am in control of my checkbook. So far so good.
My understanding is that ...
Tanna Brodbar
Canadian Investor needs general info about investing in the U.S.
Hi everyone,My partner and I are in Canada and seriously exploring rental properties in the U.S. Before we go too far down this path, we are concerned with getting some general insights on legalities and taxes if we w...
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...
K S.
Becoming a private lender question
I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...
JD Bock
Overseas for years so can't qualify for loan, have $100K cash?
I've been living in Shanghai, China for the last 14 years where I was self-employed as project manager for start-up restaurants & bars while also owning/operating/investing in them as well. I finally moved back to...
Greg Tom
Best Tax Advantages for REI with low 6 figure income?
Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...