(posting this for a friend who’s not on BP)
Situation: My mom and dad have big hearts and made a nice gesture but unsound “personal finances” decision years ago. My mom runs a charity and to ensure the loan would be ...

Hey guys, how does taxing a trust works?
Lets say there is a paid off property in a trust that is worth 100K, and brings 1K per month per rent. So its about 12K per year in rent. But, lets say we spend 2 k per year i...

A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...

J Scott- not sure if you are a Falcons fan or not, but being the most prominent member of BP I'm aware of that is from Atlanta... thought I would offer a friendly wager...

Loser of Sunday's NFC Championship (even, n...

As some of you already know from our personal conversations, I just recently gained 501(C)3 exemption for my non profit. I am now vigorously looking at creative ways to super size my foundation. I came across a non pr...

BP,I am an investor and a Marine in the Eastern North Carolina area, specifically Newport, NC. MCAS Cherry Point and Marine Corps Base Camp Lejeune are the military installations in this area. I have been bouncing aro...

I've read in a couple of places that persons who have "made it", strongly recommend giving back. They have said that by giving money away, it has come back to them many times over. I haven't read any specific example...

I'd be interested if anyone else has any Bible wisdom that relates to being a landlord.
I've fixed up and rented three properties in the last three years and so far things have gone smoothly.  I recently starting thi...

Hoping someone with syndication and tax knowledge can answer my question. My first LP multi-family syndication deal sold for a profit in 2022. When I sum up the tax losses claimed during the first 2 years of the deal ...

Need an experts advise here...I have recently left a W2 income and began working as a Sole Proprietor. I had a 401K (25K) and ESOP (75K) (Employee Stock Ownership Plan) through my previous employment. The ESOP is bein...