Amy Pfaffman
IRA contributions for real estate investors
Hi everyone,
Since it's year end (or the new year when you're reading this), I was thinking about contributing to my existing Roth IRA or at least moving some money from my traditional IRA to my Roth. I wanted to be ...
Brandon Elliott-Pandey
Time for you to BRAG! This is How I earn $20K/y in PASSIVE INCOME in under 2 years.
I'm not one to brag and that said I hope this comes as a welcomed post. I want you to SHARE your big WINS!!!
Call it luck or a plan. Whatever is fine with me. Tell us your story and whatever details you feel will i...
John Underwood
Real Estate Professional no W-2 and IRA contributions
I have no W-2 job, can I still contribute to my E*TRADE Roth IRA accountSituation:I self-manage my LTR portfolioI self-manage my STR property that is an hour away.I buy tax liens at auction every year.I have flipped a...
Jessica Prunk
What to do first...
I hope my subject line doesn't deter responses, but I felt it was the most appropriate. I was laid off from my job a few weeks ago and have been trying to come up with ideas about how to use this time off between jobs...
David B.
Income tax threshold
Ky resident.Question about income taxes that will be filed march 2019.Specifically how much to make losing child tax credit vs 22% tax instead of 25% for the next few years. Including new standard deduct 24k vs 12k.Tr...
Nicholas N.
Savings account w/ same or next biz day wire transfer
Looking to park $100K-200K$ and earn interest. If I win a foreclosure auction I need to be able to wire-transfer that amount of funds to the court's account the same/next business day. Otherwise you loose the auction ...
Keith Meyer
Accredited Investor Qualification: 401k Distribution as Income
Question for the accountants and syndicators out there: Would you count someone taking a 401k/IRA distribution as income towards the $200k annual income requirement for accredited investor status?For example: If someo...
Bob Malecki
Solo 401K contribution limit question
I have a Solo 401K set up under one of my LLCs that has earned/active income. I recently sold one of the rental properties in my other LLC via private sale and had this LLC invoice the other LLC at closing for a $35K ...
Dylan Dell
Wholesale Tax Implications
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
David V.
Rental Income & Social Security
Questions for you Tax Pros out there. Will the amount of social security benefits be reduced if an individual receives rental income of let's say 80K a year. Assumptions: Social security is taken before full retire...