I have an idea but I'm not sure it'll work legally or if I'm missing some information.I work for the government and currently contribute 5% (tax deferred) into my Thrift Savings Plan (TSP) since my agency matches up t...
I wanted open this questions to @Brandon Hall or other BP investors who have experience with 1031 exchange.Suppose that i have a property in Chicago that i purchased for $400,000. Over the years, I have taken a deprec...
Evening BP, Want to reinvest my dividends from my brokerage account and if I reinvest it within the calendar year do I avoid capital gains? So, technically I am not taking any realized gains. Thanks.
First, thank you for any advice or recommendations. We would like to buy a bigger house and move up.I am equity rich on my primary residence. Own free and clear with value estimate of 2.3 mil. My cost basis is 1.1 ...
I am curious if the tax guys here think it is worthwhile to convert a SOLO 401K into a Roth of some form? If age matters I am 61. At this time I can contribute pre-tax dollars of roughly 23K a year into the SOLO. I us...
Hi. My wife and I are in escrow on a duplex in our city. We are both 30 and currently we both work full-time W2 jobs. I am considered a high earner and in the top tax bracket currently. Our plan is to move her to part...
If I'm already in the 20-24% tax bracket, what would be the best way to grow 100k-300k while minimizing the tax burden (while keeping it somewhat liquid)? I thought about putting it in the market, and hold it long-te...
What creative strategies have any of you used to minimize taxes in these quick buy/sell scenarios?
I just heard of opportunity zones. What is it ?
Hey everyone,I am selling a property that I will be making a good chunk of change on. I will be slapped with huge capital gains.....I DO NOT WANT TO DO A 1031 Exchange but want to either;1) Put it in some sort of ed...