David Morgan
Inherited IRA: To stretch or not to stretch?
What's the best way to invest an inherited non-spousal IRA? The first RMD will put me into the next tax bracket, so I'm tempted to draw more out and put it towards a couple of multi-families with good cash flow.I also...
Jeff Goff
401k early withdrawal vs Withdraw later at higher tax rate
I have a 401k from an old job that I am trying to gain access to for investing. The amount is roughly 24k. If I stay in the W2 workforce I will retire in 30+ years. Since I no longer work for that job, I am no longer ...
Demetrius Morros
Getting money out of a C corp and avoiding double taxation
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
Account Closed
should I use a LLC or a C corp to flip properties
In the past I have bough close to 20 houses in ms where I then resold most of them with a lease option ageement. I now live in texas where lease options are not supose to be used under most cases. If a buy and then ...
Edgar Garnys
How to figure out Marginal Tax Rate to calculate Tax Savings?
Does anyone know how to calculate the marginal tax rate? I want to take (depreciation + interest paid) × marginal tax rate to calculate yearly tax savings. The template I'm using has 51% currently plugged in but I fee...
Sanjay Sharma
How to split cost seg between partners?
I’m adding another forum question to my string of cost seg questions.
I’m partnering up on a purchase. My spouse meets real estate professional status. The real estate partner does not meet status and will not quali...
Jonathan Soto
Using HELOC to become a HML
So I have quite a bit of equity in my home and was looking to get some information on becoming a HML. I am located in Miami and would like to mainly work with flippers using six month loans. Any information would be g...
Tom Bjork
The Obama Effect
Currently, Obama's financial advisors have stated that the high end tax bracket will go up to 39+%. Does anyone think this high end tax bracket might go up to 50%+ or more?
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tax ID& incorporate?
I have a question, by the way im going to try flipping properties just have'nt gotton started.
My question is I live in massachusettes Im going to be flipping property in florida am I supposed to get a tax id number i...
Jay Yoo
Tax Implications for Limited Partners in multifamily syndications
First of all, thank you 🙏 much for your time in advance helping me understand the tax implications for multifamily syndication deals. I would like to be informed as much as possible so I could answer any questions for...