Quin Green
Tax Breaks for Investors?
Hi Bigger Pockets!Are there any Tax Breaks/secrets for investors in Ontario Canada, or Canada at all for that matter?I have heard Robert Kiyosaki say many times he doesn't pay tax on his investments, but that is the U...
Pat Hamilton
TAXES. ------> BIRT & NPT after the sale of property in Philadelphia
I just sold a nightmare property in Philadelphia and I'm bathing all my paperwork to figure out my taxes for next year. I'm trying to do it on my own, without a CPA...Does this look right? PURCHASE PRICE IN 2020: $50...
Mark C.
Moving Real estate into a Roth IRA
Hello, Of late I have started looking at my tax situation in retirement. I have ideas in my head but I am not finding the correct answers doing google searches. My tax bracket with SS and rental income from LLC or I...
Sean Dulcio
Best Assets to acquire at age 19
I'm 19 years old and want to have a jump start on my career and it begins with which asserts are best to acquire at the age that I am now ?
Victoria C.
Tax Deductions vs. DIY Property Management and Fixes
I'm a new landlord since April, and I've heard and lightly researched all the tax deductions you can have on your rental property, and it all sounds really good... but I feel like I'm missing something.
They say you...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Scott Trench
Are you Pro or Against 401(k)?
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
Hernell D.
End of Year Tax Strategies
With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...
Mark S.
FIRE Strategy for High Income Earners
Financial Independence Retire Early (FIRE). It seems to be everywhere these days. I just heard on a podcast that there is a movie coming out in a few months about the FIRE movement - which sounds awesome. I'm sure ...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....