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I've got an accountant who has been encouraging me to maximize contributions to a defined benefit plan despite my goals to invest in real estate. While I appreciate the tax deferment, I'm concerned about the following...
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I have a question about a future 1031 exchange my fellow BP’s. Currently live in a owner occupied 5% down conventional loan home. I’ve own the home for a year to date. I want to buy a new home to do a live-in flip and...
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Just wondering what other non-residents do for AL State income taxes. We are getting tired of paying $40 for Turbotax to buy a state where we owe $7 in taxes to AL as a non-resident for our Gardendale property.
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I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
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If so, I assume all cash flow (in & out...that is, income and expenses) must come into and be paid out of the IRA account, yes?
Advantages/disadvantages?
I am advising a client who is looking to expand his real estate holdings. He currently owns a $4,000,000 primary residence with a $850,000 loan balance. Also owns a $1,800,000 4plex free and clear, $1,400,000 condo fr...
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Hi!I have been working in the same field for the last 4 years on 1099. In 2020 i incorporated my S corp. My question is: From a lenders view, seeing partial income now from a new S corp and 1099 still make me credit w...
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Hi, I need to open a solo 401(k), buy my concern is I want to invest in real estate, then do I need to go for Solo 401(k) with check control or I can do this without check control also.also which brokerage help me fo...
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Hi,I purchased my rental property few years ago for 300k in Washington State free and clear and since then it has doubled it's value with capital gain around 300k. I'm planning to get married in 2 years and want to bu...
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I'll try and keep this as clear as I can. I'm fairly new and my market is Lawrence, Kansas. For those who don't know this is a college town that has approximately 50% of it's residents as renters. I am not looking ...