Tobias Falzone
Will Proposed Federal Income Tax Reform Tank My Cash Flow?
Ok, so I just had a literal tax nightmare last night, awaking from a deep sleep in a cold sweat. Here is what has been keeping me up at night lately. There are a few proposals for income tax reform that I have been ...
Chu L.
Looking for Tax Strategist in PA (Philly/West Chester)
Looking for recommendation for CPA / Tax strategist for this and next year. Anyone has recommendation? I am in PA (West Chester area)Here are my situations:
1. I worked in PA but lived 2 states (PA, GA) in 2020
2.I ...
Kevin Sapp
Transfer (gift) and sale of a depreciated property
I have a rental property in service and depreciated since 1993. Purchased for 110, selling for 146. Don't want another rental right now, so 1031 to a rental not what I'm considering.What are issues with 709 generation...
Steve Chan
Why keep money in your 401K?
If your 401k provides a low rate of return and you know you can invest your money at a higher rate of return than the fees associated with withdrawing your money plus the opportunity cost of leaving your money in the ...
Matthew Ficorilli
Buying real estate to offset other businesses
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
Rich Hupper
paying down a 30 yr fixed mortgage
Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...
Mary Jay
Taxes during retirement
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Ed B.
Need advice-Sell now, or hold for future profit?
Almost 10 years ago I invested into a single family home remodeling project, which was to be sold upon completion. That never happened, thanks to the recession of 2008. With carrying costs, my original $268,000 invest...
Juan Michael
Buying a property for a Tax Write-off
I'm in California, and have heard of investors buying a property because they have to either spend the money for 1031 exchanges or tax purposes.
If this is true, can you offer some insight please ?
Note...
Brian Champine
Depreciation recapture - a losing proposition?
Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses. In my situati...