Lance Mundo
Proving 750 hours for deductions
How can I prove 750 hours of work, and more work than my W2 job in order to qualify for maximum deductions when filing my income taxes? I want to reduce my federal income tax to zero. Are we using a time log? What is ...
Benjamin Sussman
Should I reduce my 401k contributions to zero?
Just finished reading Set For Life. 401k's let your wealth compound tax free but if you're in a higher tax bracket later in life, you're differing your tax bill to a higher tax bracket.
I also want to accelerate my a...
Steve Jeffries
Self directed 401k prohibited transaction?
So, I was thinking of moving my W-2 401k to a self directed 401k. I understand that all profits have to be returned to the 401k, and there is a rule that a payment can not directly benefit you. This is my question...
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Tianna Marie Osbourne
Best options for buying another property?
Hey guys, a newbie here looking for some advice. I'm 21, I've been investing in real estate for 3 years now. I was able to save a good amount of money and purchase a 3 bedroom 2 bath mobile home on an acre of land all...
Kenneth Adams
Unemployment map set in motion 07-09
Interesting link
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
Michael Seeker
Self Employment Tax on a Flip
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
Eric Giovannucci
Investor/New Agent Friendly Brokerage
Hello All, I have been dabbling my feet within the investing community for about a year now. I own one out of state rental, and am building capital to begin furthering my investments within the bay area. I currently w...
Kyle Olinger
New to investing, new to BP
Hey all,I'm Kyle Olinger. I'm from Lincoln NE and it's time for me to make this leap. I'm in learning mode so I appreciate everyones support. For the majority of my adult life I've been surrounded by very conservative...
Jen Lucas
Can I really retire early on 4 duplexes?
My husband and I are DINKs with a plan to retire early, well go to very part-time, that seems too easy, and I'm hoping the experts (you!) can help us vet this plan.I'm 39 and my husband is 46. We live in Austin, TX an...
Swati V Patel
Using 401k as down payments on multi-family apartment building
I will be purchasing my first commercial real estate muti-family apartment building. I need to know how much percentage of my 401k would be best as down payments and how much I need to reserve for upcoming expenses to...