John Reed
Taxable Solo 401k RE events
Saw on another blog references to " some real estate transactions can trigger the need for a 401k to file a tax return and pat taxes".Looking to use my solo401k to invest in real estate but want to avoid making a mist...
Chad J Muse
converting 401k to Roth
Researching 401 to roth. Is there any way to do without paying an absorbent amount of taxes?
Craig Curelop
Using Roth IRA for down payment
Thanks to everyone at BiggerPockets, I got my first deal under contract! I've had my Roth IRA for 5 years, but recently rolled it over from Merrill Edge to Betterment. Does anyone know if I can still use this as part ...
Debbie W.
Depreciation and Tax advantages of a non cash flowing property
Will depreciation help minimize cost if SFR is break even or not cash flowing? I have 2 other rentals that cash flow. I have read everything and just can't seem to understand how the tax breaks apply. This home and 1 ...
Patrick Britton
Washington State cap gains exemption?
Quick tax question:An individual purchases a home today and uses it as primary residence. He makes some repairs, updates, upgrades, etc. Next year sometime, he sells and realizes a capital gain of $100,000, for inst...
Robert Hasty
Rental income and income taxes
Wifes house been rented by her mother for last 5 years. My name is not on the deed. She pays enough to cover mortgage, taxes plus 5% for maintenance.
Question,
Can I claim rental income so I can benefit after 2...
Kyle Collette
Moving from Financials Advisor to Vanguard - Tax question
Question for all the savvy investors with a little tax knowledge as well.I have been looking to make the switch from my current investment portfolio into index funds. I was fortunate enough to start investing at a you...
Gary Noto
Rental Income for Solo Roth 401K Contribution?
Hello!I am in the process of qualifying rental income I received as eligible for contribution to a Solo Roth 401K
I manage rental of 3 apartment units I own. I have no other activity that I dedicate for making inco...
Minh Lai
Are operating expenses tax-deductible? & Other Tax questions
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Christopher Bell
Tax Loop Hole for employer to pay mortgage?
Is it legal for instead of my company paying me a bonus to instead take what they would have paid me and pay off my mortgage debt? Is this technically taxable or does this avoid the income tax?