Aaron Lippiatt
How do I report income tax on interest earned from promissory note w/expenses?
If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...
Rene Hosman
Wanting to learn from a pro how to invest and earn income flipping houses?
James Dainard is spilling all his secrets in his first book, taking all the experiences he's learned from in his 3,500+ flips and sharing it with you!
Have you been interesting in trying a flip but don't feel like y...
Mike S.
Mega back door with multiple 401k
Regarding the non deductible amount that you can contribute to a 401k, is the amount limited by your earned income in the sponsoring business or the total of your earned income?
Lets say that you earn 100k in busin...
Sophie Wang
Tax lien foreclosure and then flip the house?
Hey guys,I have been buying tax liens for a few years, and recently three of them passed the redemption period and I started the foreclosure process to apply for the deed. Just try to make plan here, if I do get the d...
Bob Malecki
Solo 401K contribution limit question
I have a Solo 401K set up under one of my LLCs that has earned/active income. I recently sold one of the rental properties in my other LLC via private sale and had this LLC invoice the other LLC at closing for a $35K ...
Jimmy Wilson
Solo 401K Questions
Hello everyone, I have been busy learning from these forums and decided that it was time to create my first post. I have questions regarding the Solo 401K and starting a small business. Here goes:
Where I a...
Jessica Prunk
What to do first...
I hope my subject line doesn't deter responses, but I felt it was the most appropriate. I was laid off from my job a few weeks ago and have been trying to come up with ideas about how to use this time off between jobs...
David Huynh
Solo 401K and Real Estate
I have funds sitting in my company sponsored 401K plan; however, I would like to transfer the funds over to a Solo 401K to invest in RE. From watching Youtube, one of the requirements of opening a Solo 401K is that yo...
Jackson Tyler Hunt
Real estate professional when filing taxes
so I’ve been learning a ton about the advantages of being a real estate professional and how you can use that depreciation from passive income producing assets to offset your earned income. And as I was reading it ap...
Francisco Torres
taxes
I just sold my first flipping property I would like to know what's the porcentaje I have to pay to the irs thanks