Jon Dorsey
Tax Mitigation Strategy when forming Partnership
Looking for advice on how to structure a deal to minimize tax consequences for my partner. I am partnering up with another person who just wants to bring money to the deal. All they ask for is equity appreciation down...
Danielle Davis
Cost Segregation to Reduce High Taxable Income
My husband and I are both doctors and have high six figure income from our practices. However, most of our income comes from managing other doctors working for us rather than us personally working clinically in our of...
Rowena A.
Carryover Losses from Multifamily Syndications
Am I wrong???In 2021, I invested in multifamily syndications while maintaining non-real estate professional status. Subsequently, in 2022, I transitioned to full-time real estate activities and am now eligible to clai...
Bill Mitchell
How to spend money you EARN in an LLC
I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
Jackie P.
Losses on Tax Return Hurting New Residential Mortgage
So I'm blown away that after 20+ days of a mortgage lender having my tax returns (with schedule E losses), they now come back to me and tell me that I do not qualify for a new personal residential mortgage because ...
Karim Hafez
Exemptions on sale of a jointly owned/occupied primary residence
I have read through read Voss v. CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a the question stated below:I...
Avi Garg
FSBO a leveraged SFH in SDIRA?
This was my first property in Baytown, TX which I bought using funds in SD-IRA and took a non-recourse loan on it as well. Its rented out for $1400 (lease was renewed for another year in March), professionally managed...
Jeremy Karja
Who is the best for a SOLO 401k and why? How can I use it?
Hi BP,I want to roll my ira to SOLO 401k because it sounds better in most ways to compared to self directed IRA. Mainly for the control and sounds like less expensive. This IRA is about 65kMy 2 questions are:1. Who ...
Jason Wutzke
Am I Getting Ripped Off on Apartment Shares Disbursement
My father has a share in an apartment complex in Lompoc California. They estimated the value in 2008 at $42 million in which he owns 1.231%. Over the last almost 10 years his disbursements have primarily remained the ...
Maria Zielinski
Buying partner's share of apartment building & limit income tax
I own a multi-unit apartment building with my parents and they are looking to sell their share. I purchased their partner's share about 15 years ago. They have owned it almost 30 years and their accountant is recommen...