Kyle J. Cooper
BP PEOPLE! Should I take a pay cut to gain experience in REI?!
I've been thinking a lot lately(I hate when I do that!) and curious what some of you might say, so here goes nothing!I've been considering giving up my non RE related income and potentially taking a Marketing position...
Royce J.
Funding Self-Directed IRA with Stock Options
I’m new to the SDIRA concept. If I start a new SDIRA in 2016 what is the maximum I can fund/contribute to the SDIRA? If I sell my stock options which is regular income can I fund the new SDIRA?What happens to the po...
Mike Dawson
Considering SDIRAs for a specific situation, and moving forward afterward.
The more I look, the more questions I seem to have. I'll try to keep it concise. Thank you for any help you can offer!Quit my job last year. I have a TSP still in place which I would like to rollover to a SDIRA(pos...
Caroline Tiala
American living abroad and looking to invest in the US
Does anyone have experience or knowledge regarding finding finance through banks without an American salary to show?
My husband and I have lived in Sweden for 10+ years and we both have full time jobs here (I am Swe...
Mark Beekman
Deferred Payment on House Sale -- Capital Gains Tax This Year?
I'm looking to sell a house that I've recently rehabbed to an LLC for roughly $250k by years end. Then, next year, I plan to have the LLC list and sell the house to the general public.
I want to sell the house to the...
Taylor Green
How to qualify my wife as a RE professional for tax reasons?
Hi,I was wondering how and if my wife could qualify as an RE professional for tax purposes? I would love to be able to write-off some of my W-2 income.She is a stay at home mom with our 1 year old son, and uses her fr...
Daria B.
Out of state tax obligation
I live in Florida - a no income tax state. I have a rental in MD that I have to file a state tax form for at tax time.
My question#1 is for those investing in a state that is a no income tax state (Florida, Texas,etc...
Rob Newsom
Am I being silly to limit my properties to states w/o income tax?
I'm in year 5 of real estate investing. I've told my wife that I only want to own properties in states that don't have income tax. The same goes for our personal residence.
I've heard stories of investors, for ex...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
John Fairchild
Kansas City earnings tax?
If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax? Or is that considered a “hands off” activity and not taxable? Thanks!