Char Bacheh
help with the calculation
i made 30k throughout the year, why is it when i put the full 30k on my schedule c i get a refund, and when i put 25k on schedule c and 5k as a distribution from my s corp i owe money, i thought distributions dont hav...
Naveen Desai
Selling PROPERTY held in LLC for 4 yrs & rented. Eq partners-Tax
Hello, We held a rental property in an LLC ( TX prop and TX LLC) for approx 4 years and now selling it. When we sell the property, how do we know the capital gains for the property. The LLC comprises of multiple pa...
Mark Turner
Self Directed IRA...Can you Buy from your IRA?
Theoretical question here. If you had a Self Directed IRA...can you (personally) buy back the property held by your IRA without any self-dealing IRS related issues?
Robert Reineri
Solo 401K Loan Question
Can one take a loan from the Solo401K in the current year, and use a distribution from the SoloK to pay back the loan in a future year? For example, if I borrowed $10,000 this year, made payments each month until 2019...
Joshua Herald
In a pickle : I need money for a down payment... 401k loan?
Greetings, My wife and I are making an offer on our first multi family this week. We both have full time jobs and make decent money 100k+ combined. Our credit is well above 750 each. The loan for the $210,000 house wa...
Cameron Davis
Holdfolio is letting me down
I have only invested with one syndication deal... through Holdfolio. All was fine with quarterly distributions for about a year. Now interest rates have risen, and they say their insurance went way up, so they stopped...
Nicholas Petterson
Best Way to Grow $ in 3 Years to Purchase a House
Hey All. First Post.My wife and I own a 3/2 with a good interest rate (2.99) from 2020. We just had our second child and are outgrowing the house so we want to purchase a bigger house while keeping our current house a...
Megan Hirlehey
Implications of taking money from one LLC to seed another
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
S Lord
What to do with 401k after leaving old company?
So my old job withdraw my 401k and send me a check. What happens after that like will I get penalized upcoming tax season or can I put that money towards my new job 401k??? Please help.
Rich Solano
1031 Exchange Question -
Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell... Would I be able to take my p...