Laurie Cundiff
Tax benefits of investing in rental property in Solo 401 K
We are buying rental properties within our Solo K. Can someone tell me what the tax benefits are to doing this? I understand that closing costs, interest, insurance etc. typically are deductible expenses in general,...
Dave Thomson
What you wish you knew about taxes when first investing...
I'm curious to know if there is anything that you wish you knew about taxes when first investing. Not necessarily property taxes, but taxes on rental income, deductions you might of not known about, or other items you...
John Kernen
New Member-First time posting
Hello! So glad to to have found this resource! I look forward to learning and hopefully sharing some experiences as i go! I am just starting to get my feet wet! I have been doing lots of research and am trying to ...
Ross Gleason
Saving for my First Down Payment
Earlier this morning I finished reading Rich Dad Poor Dad after having purchased it saturday afternoon and it's got me thinking about the strategy I'm using to save for my first down payment. I am currently putting at...
Viraj M
High income, low downpayment, good credit
Hi Guys,
Stumbled on this forum via google and have spent a few days on it - seems like there are some really interesting posts here and lots of info to sift through. Wanted to run a potential scenario by you all an...
Steven Burrows
Solo 401(k) documents
Is it possible to setup a solo 401(k) on your own. I've been researching solo 401(k) providers and I am having a problem getting my head around the cost some providers are charging to provide the documents (800.00 and...
John Alosio
Depreciation Recapture with low capital gain.
Hello BP family.I'm here today with a tax question relating to the sale of a rental property.I have a property under contract right now, my sale price is right around my cost basis.For depreciation recapture, I unders...
Christian Solis
Choosing my business entity
What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ?
Noah Bacon
Tax Books Bundle SALE: Today Only!
Your 2023 tax deadline is coming up. Get the support you need with The Tax Books Bundle. 40% off, today only!
When it comes to taxes, it’s not about how much money you make—but how much you actually keep. Are you ti...
Account Closed
Are SDHSAs the same as SDIRAs?
Some SDIRA custodians also offer SDHSAs. On the funding side, IRAs and HSAs are different animals. Retirement account (401Ks, IRAs) contributions must be made from earned income. HSAs, on the other hand, require on...