Daria B.
Tracking Note Income (capital gain from sale or income)
I have been investing in notes since 2017 and it's been a pretty simple process. Several people in my area invest with a JV that manages the ins/outs and have had good results. We have had numerous discussions in our ...
Grant Huggins
UBIT Taxes in Solo 401k
Have a Solo 401k that owns a couple of rental properties. Now rehabbing a new property I intend to flip, but discovered the UBIT tax issue. Several references discuss how holding for over a year avoids UBIT. One refer...
Abdenour Achab
Should I expense or capitalize post acquisition eviction costs
I acquired a house in September 2010. I evicted the previous owner in December 2010. I paid the eviction costs in January 2011. I listed the house for sale in March 2011. I expect to sell the house in 2012.
The house...
Jim Farrell
SDIRA - Roth versus "Regular"?
I am squarely on the fence of whether I should convert my existing SDIRA to Roth, and would love some input from members.A bit of background: a while back, I rolled over funds from a previous employer's 401(k) to an S...
Tyler Brown
Trying to wrap my head around tax implications
I'll preface this by saying I've already taken these questions to three separate professional accountants. One straight up told me he has no clue, and the other two gave conflicting answers. So hopefully the interne...
Scott Lewis
Calculating Taxes for Selling Part of LLC
Okay, BP community, I have a tax question and would appreciate any help you can provide.I'm looking to sell my 50% ownership in an LLC to the partner who owns the other 50%. The LLC owns one small apartment building, ...
Horacio Gutierrez
Home deduction for taxes
Hello,Can I use part of my room as home office for rental property for tax deduction I heard you can use a halfway that is dedicated for home is all this true?
Mariano Wahlmann
Looking for a property manager in Fort Worth, TX
Hi,I'm the owner of a 4br/2.5ba two story single family house that will be available for rent and since I'm moving to a different state I'm looking for a Property Manager or any recommendations. The property will be a...
Adam Franco
How to determine capital gains tax
Hey BP I’m working on getting my first flip and trying. To get my numbers right. How are you guys figuring in capital gains tax? Thanks!
Charles Stewart II
Can I make $3,000 per month as a Loan Originator?
Can I make $3,000 per month as a Loan Originator on a commission basis? How soon can I begin to make $3,000 per month on a regular basis?I am not looking for a get rich quick plan. I am looking to earn an income wit...