I have purchased a house with 2 partners using an LLC. Everything was paid with cash. I wonder if we sale the house and we do not take the money out of the business account, do we still need to pay tax on the profits. 

I put $10,000 a year in company 401K but plan to make more money in retirement than I do now. Seems to me I'll likely pay more money in taxes later than right now. I don't qualify for a Roth IRA at this time. I'm w...

Regardless of your political leanings,  the 1031 Exchange is a great investment tool.  This administration needs cashflow and they plan on some changes that would eliminate or curtail YOUR profit.  If you are just sta...

I heard you can withdraw your own contribution from Roth 401K any time without tax or penalty, since it's after-tax money on the contribution. Is it a relatively easy process? What does that entail? Do i have to roll ...

I'm struggling with the "where do you put your reserves" debate.  I'm pretty confident that relying on credit cards and lines of credit may not be wise in a black swan event.  In that regard, if you have $50k in a 401...

NEVER CONVERT CASH in YOUR IRA or 401K into ROTH!!!
Here is why. If you do so - 100% of the cash converted is taxable. There is a much better alternative!
The alternative is to set up a self-directed IRA, or better,...

My wife and I are in the process of closing on a third property we use for short-term rentals.  We're in a vacation area, typical high prices / high nightly rates scenario.  Our original two rentals are filed on a sch...

I called my county at the start of this week to request the Tax Delinquent Properties list. I was told to submit a public records request form, which I faxed to them. Today, I got this:Before getting this letter, I co...

🤫Don’t tell anyone!🤭Be quite as loud as possible. Don’t tell anyone that 📈you they can invest in real estate with their retirement fund.Be very quiet 🤫when you 😃yelled from the top of the mountain that you don’t need ...

I have done some initial research and found this a rather controversial subject but here goes...I am currently a pass through entity and file as such. This means that all of my income is passive and that I can't contr...