HI everyone,Hoping to gain some insight to this question, I've searched the forums and haven't seen this specific question answered though I can't imagine I'm a unique case.  I'm trying to figure out the best vehicle ...

As you probably know, the backdoor Roth IRA conversion is typically done for people that have reached over the income limits in order to be eligible for Roth IRA contributions. However, does anyone know what would hap...

I am looking for help with shareholder basis for s corp with 50-50 shareholders2019 basis schedules filed by prior CPA - She is not willing to share the shareholders basis (unprofessional)2020- Basis is at 180k for sh...

I've been thinking about this for awhile but unsure how the exact mechanics work. Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and chil...

I was a sole proprietor of small business which I sold in July of 2020.  I had a Solo 401K for my wife and I.  Can I still contribute to my old solo 401k moving forward now that I no longer own the business.  At the m...

So my brother wants to partner up and fund 100% of the down payment for all the deals I find. We would both be on the deed. Would this trigger an tax implications? Would this count as a gift?

Ok, I'm a business novice and need input from those with experience in this area. Let's say that I have decided to put my rental properties into an LLC (or several llcs). Am I required to have all necessary cash reser...

I'm interested in buying a few shares of stock and I just contacted my SDIRA and they put all kind of restrictions. "For starters, the stocks must be in form of a private placement (not publicly traded). The company ...

I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.Last year I did a rollover of the entire Traditional IRA into m...

All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping.  I have had an LLC and recently set up an S-Corp to start doing rehabs.  I like the control features of the Solo ...