Yuri Chernousko
Legal entities and taxation
I want to ask advice on the setup that will be best for me: 5 rentals (1 in California and the rest in Florida). What would make the most sense? Several LLCs in an S-corporation for asset protection? And a combinat...
Tomer Royter
Moving out of country - What are the tax implications?
I'm currently in search of an investment property in the New York area.I know that as a property owner living in the US I get many tax benefits on this property such as deducting the interest on the mortgage, home dep...
Brendan L.
Owner occupied duplex...can I get income to be pretax retirement
I max a 403b and traditional IRA...is there a way for me to add my duplex rental income to a pretax retirement account without treating myself as an employee?
Ben Rice
Tax professional recommendation for a 9-5er with a 1099 also
Hey BP,I currently have a W-2 job and recently reworked a former 2nd W-2 job to be a 1099 contractor role. So now I have W-2 income and self earned income. This was to be able to write off my home office on my taxes a...
Thomas Ingrao
Child support and rental income
Has anyone dealt with child support and rental income? Properties are in LLCs with separate business bank accounts. Just curious if my earned income is the only income considered or if rental income is included even t...
Nagesh Pulipati
Does Cash Balance plan is subject to UBIT taxes?
Hi,I know that Solo 401K is not subject to UBIT, just want to make sure if Cash Balance Plan subject to UBIT?After doing some research I found that it is not, I want to double check with the experts.THANKS IN ADVANCEN...
Brandon G.
SE & Payroll Taxes For Solo 401K
I'm researching the solo 401k. What I'm curious to know is do contributions made to this account bypass self-employment taxes and/or payroll taxes or do these taxes get paid regardless? Your input is appreciated!
Brandon Turner
SBA Loans for Flipping?
Hey, I've heard a lot of news lately about SBA Loans and the government's push on banks to do more of them. Has anyone done these? Especially, has anyone received any SBA Line's of Credit to be used for purchases/rep...
Derek Caffe
Can you use your RE commission as an expense to pay down mortgage
My question is, can I combine my real estate sales business with my real estate investing business to pay off my properties with my real estate commissions? The goal being to decrease my taxable income and increase my...
Bryan Proffitt
How is rental income taxed?
Going to close on my first investment and looking to get some good insight on how rental income is taxed and how to offset taxes as much as possible. Rent will be going to pay back LOC, to reuse and possibly use again...