Chris Breezy
Is a 457 or 401k beneficial to me
I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this woul...
Sean H.
traditional IRA contribution?
-im entirely self employedSo, im looking at tradtional IRA contribution for the year and its based on mgai. If i made 175k for the year, and contributed the maximal to my solo 401k (57k), does that effectively bring m...
Snehal Ambare
Primary Residence converted to Rental - Capital Loss
Hi! We bought our primary residence in Orlando FL in 2006 for $260,000. This year we are buying a new home and looking at potential to convert our current home to rental property. Would we be eligible to get tax break...
Account Closed
Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Account Closed
Mortgage interest deduction for LLC
If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income? Or only against LLC income? thks
Paul Newby
Advice on strategy
I am currently looking to purchase a property to use as my primary residence (first time home buyer). I qualify for down payment assistance and mortgage credit certificate, so I was going to use those benefits to get ...
Nils-Erik Frantzell
Deducting mortgage interest of HELOC used to buy rental property?
I took out a HELOC on my primary residence to buy a new home (for use as a new primary residence). I then converted the (old) primary residence to a rental property 8 days after I moved out. Would anyone happen to kno...
JoAnn Dorio
Tax benefits for state College 529 program
How much state tax benefit would I get by putting money into the 529 program now and taking it out for August? I just don't want to tie up money for a small amount.
L K.
Tenants not wanting to pay pet fees
We have a tenants that does not want to pay for their unauthorized pet. Send them a notice to cure within this week or they may end up with eviction. I was debating would it be better to evict after the 1 of May when...
Nick E.
Tax Questions - First Rental Property Closing early 2017
Hello BP Community,I think I know the answers to the following questions, but I wanted to verify with the BP community:Background: I have spent the last few months researching, visiting, and placing offers on properti...