Eddie Pietschmann
How do I decrease my taxable income?
Hi Everybody!I am trying to find some ways to decrease my taxable income this year. This may be completely impossible, but here's my situation...Currently I am 1099 (agent) and I have a tax bill that I would rather du...
Jeff Higgins
How can I lower my taxable income
I recently bought a house in August that I will be flipping. I am looking at making around 90K to 80K before taxes. This will most likely put me in the 24% tax bracket but I am close enough to falling into the 22% tax...
John Stanley
reinvesting cash flow to reduce taxable income
I'm shopping for a property in Germany to rent out. Mortgage rates are very low here, around 1.5%, so I have somewhat of a unique situation where there isn't much loan interest to deduct from my taxes and of course re...
Mayer M.
Reducing taxable income, what’s the best way?
What is the best way to reduce your personal taxable income? I am self employed and receive K1’s from a flipping business and rental properties as well as a W2 and K1 from my transportation business.
Any advice would...
John McClain
Are rebates given by a realtor taxable
I recently purchased a house with my girlfriend, I acted as our agent and earned the 3% commission if I gave her my entire commission as a rebate would:A) it be legal? B) it be taxable to either of us? C) it have to b...
Robert Andres
Using IRA to defer taxable passive income.
I own one apartment which is netting about 7k per year income. I also am not able to itemize right now since I don't own my own primary residence. I do not have a lot of deductions in other areas. I'd like to postpone...
Stephen R Krempl
Using Roth IRA without incuring taxable event
I am new to buying rental properties. I want to get going but I have one aspect I don't know what to do with, Financing. I put a good chunk of money in a Roth IRA a couple years ago at Fidelity. I'm finding out that i...
Alexander Araniba
Rollover 401K or Taxable Income to Invest?
Hi BP,I worked at a small business and had a 401k. And at the beginning of January, 2019 I started a new job at a bigger company. I am now on the fence of rolling over my money from the old investment company to the n...
Hugh Carnaha
Are Cap Ex, Vacancy, Maint taxable income?
Howdy Guys!
This is my first real post, and i'm completely new to all this. My apologies if this question reveals i'm a moron, I assure you I have no idea what i'm doing. This has probably been asked before but I cou...
Drew Shirley
Taxable Event? Reinvesting Acquisition Fee as Equity
I'm working on my first apartment syndication and would like to re-invest part or all of my acquisition fee into the project as more "skin in the game." Is there a way to do this without paying taxes on the reinvested...