Question for the CPA's - Person A is setting up a trust for estate planning purposes.  Person B will be the beneficiary of that trust upon the death of Person A.  The assets of the trust are primarily income producing...

Hi Everyone!I have a unique situation and looking for advice. Long story short, I am Active-Duty military, got divorced and my ex-spouse was granted 25% of my future retirement. As of this year I worked a deal with he...

I have read somewhere that if money from 401k is used to purchase an investment property that income from that property would be tax free.  Is this accurate or not?

Purchased a lot and have been building a home for my family for over a year. I relocated jobs to be closer to the new location (2.5hrs away from previous location; St. Louis to Camdenton, MO). Home is getting closer t...

@Abhishesh Acharya and I have presented some, mostly non-googleable, high-level overview of some tax strategies. I understand this might be very technical for some of us. If these apply to you, please research more, ...

As an independent contractor years back I was able to exceed traditional 401k limits w/super/megaroth. This was glorious. Since then the company which provided the solo 401k was acquired, rules changed so that now (in...

I have a W2 job that pays me well.I am considering selling my investment home using a Contract For Deed.I will own the home free and clear before I sell it.Payments I would receive from the CFD would be $600-$700 per ...

I will try to be as brief as possible about my situation but I do believe it is rather unique. What I want to do: I want to set up a Solo Roch 401k this year and have checkbook power of the account for investing in re...

Introduction and background on questions:

Currently we are a 2 man operation that is a 50/50 partnership. We will not have any additional partners in the future and we are not interested in selling part ownership of...

Hi bigger pockets, back again,My sister owns a home in Huntington Beach California, about a mile from the sand. Recently appraised at ~$820k that she inherited from our grandfather. Her and her family have lived in th...