has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?

jim

I am working on developing a 60% Area Medium Income (AMI), all affordable for a residential building. I am sorting out the number of units. I contacted a handful of developers to get development and land costs. I foun...

Questions for you Tax Pros out there.  Will the amount of social security benefits be reduced if an individual receives rental income of let's say 80K a year.  Assumptions:  Social security is taken before full retire...

My Chase Business savings account pays negligible interest, and I would like a higher interest bearing account in which to place security deposits so I can keep the interest (in Michigan where this is allowed).Where i...

I'm brand new to this forum and I'm amazed at how supportive this community is of one another. I'm about 100 podcasts in on both Bigger Pockets podcasts and the How to Money podcast combined, plowed my way through the...

Hi, I am a real estate professional.  Can I use my rental income to fund a solo 401k since I'm managing all of my properties?  My rentals are held under LLCs.Thanks! 

Developers looking this way...https://www.mysanantonio.com/n...

Hi All,

My wife and I are about to have our first child and she may not be going back to work. Simultaneously, we are about to start the search for our first home and either flip or rent after 2 years. We were going ...

Looking on some advice / recommendations regarding where to park funds from the imminent closing on property I own. It has been an interesting ride with a lot of learning including help from Bigger Pockets.I am lookin...

I have a Realtor i am working with and she seems to be really fare.  She said she has worked with a lot of wholesalers before and that is a plus for me.  She also said she wanted to make sure i get to keep the MAX amo...