Hi, I would like to know if adding solar panels with powerwalls a tax right off on a rental?

I have an accountant asking if our syndication is eligible for a QBI tax deduction. Under the rules around QBI, it says that a REIT and qualified PTP income is eligible for the QBI deduction.For reference, here is a l...

i have a virtual consulting business under a Wyoming LLC. Can i deduct business expenses (i.e. car, home office, travel, etc) for CA? 

Hi,    I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax.  With t...

Hi, I'm interested in finding out more about Section 179 deduction for purchased cars or investment properties. Is there a CPA in the milwaukee area that could help me with more information? I have investment properti...

Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...

There's a lot of vague information out there...I'd like to post this in an attempt to generate some answers that everyone can ultimately reference.

(Assuming you're under 50 years of age)

Roth IRA
Income (AGI) limit...

I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...

CPA'S? : I'm looking at approximately $5,500 in capital gains tax from the sale of my house. How can I reinvest the $5,500 into an investment property and legally have ZERO in taxes to pay? TIA!

This year I was heavily strapped for cash due to a family emergency. I couldn't file my taxes on time and I had to file for an extension. Usually I receive a very large refund but this time I had to pay a huge amount ...