Lane Kawaoka
2018 Tax Update w/ [Commentary] thoughts of where we are going???
Here is my findings of the newly released 2018 Tax Brackets. I know so exciting.The maximum contribution for 401(k) plans is rising to $18,500 in 2018, up from $18,000 in 2017 — this also applies to 403(b), most 457 ...
Caleb Chandler
Section 179
Good day,First, we already have our accountant researching this, and with the window closing, we were hoping to tap into the tremendous knowledge on this board.We are working on a project in which a developer is closi...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Patrick J.
Do you have to issue a W2 to a child employee?
Do you have to issue a w2 to a child employee that makes under $12,000??
Michinori Kaneko
HELOC interest no longer deductible for tax purposes
Hi, Looks like taking out HELOC to purchase additional investment property is not as beneficial any more (still beneficial! just not as). The interest paid on HELOC to purchase investment property is no longer tax de...
Matt Liu
Increasing stated income to qualify...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
Jay Pillalamarri
Tax Strategy using property management co. & title transfer
My mom owns a rental on her name (its 100% paid, no loan). If she transfers title to LLC (owned by her), can someone verify the following pros and cons? Pros are the (1) tax savings (through depreciation, repairs etc....
Will R.
CA - Tax impact - closing costs
Hello,I am looking to close on a home soon in California and it appears I will have the option to close in either 2018 and 2019. I think the only difference to me would be the tax implications with the closing costs. ...
Kayla Doan
Taxes when renting and investing & women owned businesses
Hi there,First time investor here- I'm hoping the BP community can share some advice on two questions!I'm purchasing an income property with a friend/business partner, and I personally will keep renting my primary res...
Min Liang
2018 tax return write off
Hi ya!I have a question regards to tax return for 2018... since u can’t itemized on personal return... people r getting very lil back.. is there any write off DOs & DON’Ts on investment property for 2018?