Terry N.
Capital gains tax estimator?
Is there a calculator for estimate capital gains tax? I’ve heard 40% of profits as a general rule. I understand there are several variables. Any help appreciated. Thx!
Derek Zeigler
Roth 401(k) vs brokerage account
Alright so What is the benefit of contributing to a Roth 401K vs self investing in a taxable account granted you have the discipline to invest. I am looking to invest more in RE and like the liquidity that a non 401k ...
Megan Arzt
LIRP in lieu of ROTH...
I have done some initial research and found this a rather controversial subject but here goes...I am currently a pass through entity and file as such. This means that all of my income is passive and that I can't contr...
Account Closed
Unlocking Wealth: Leveraging Backdoor Roth IRAs for High-Earning W-2 Employees
For W-2 employees with substantial income, navigating the financial landscape becomes strategic. Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities. Let...
Adama Bah
How to pay less tax with this situation?
Situation:1- W2 employee making $230000-$300000 a year. 2- owned 2 properties under personal name, 1 in LLCWhat are the best way to get tax benefits ?Renovated a house-hacked but because of the income, we could not de...
Ezra Nugroho
Tax Implications of Seller Financing via Note
Hi all,I just read this related topic on tax implications of Subject To: http://www.biggerpockets.com/forums/51/topics/1303...My question is what are the tax implications of seller financing that is done via the creat...
JP P.
Buying 1st Home in New City (SDIRA)
Hi All,I'm looking to get into the real estate investing with my very first home purchase in a new city, and I've heard of this Self Directed IRA (SDIRA) form of investing tax free. I'm purchasing a home with my Roth...
Matt Lenzi
New AirBnB’er.. question with schedule c and tax benefits
Hi All! Still trying to lock down a tax pro who is familiar with the STR strategies, but in the mean time- I’ve got some questions. I just started my AirBnB, it’s a full time investment property. According to most ...
Joshua Loh
Questions as a first time landlord
Hi guys, have a couple of questions as a first time landlord.1) Do I need to pay taxes on my rental income? How do I report it? How does the IRS know how much I am renting my property out for?2) Can you rent out your ...
Eugene Lubman
Selling to a family member (or transferring to a trust?)
Hi,I am planning to sell my 3-unit investment property to my parents. The idea is to provide them with a steady passive income in their retirement. I will still be managing the property, as well as be an inheritor, ...