Brian Armstrong
529 Plan vs. Roth IRA
I'm not sure if this is the right forum category for this question, but it seemed most appropriate.I'd like to start a college savings plan for my son and I'm curious if a 529 plan or a ROTH IRA is a better choice. I ...
Account Closed
No tax on $1,000,000 capital gains??
Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...
Gerald E.
Bonus Depreciation towards W2 Income
Newbie question: I've read numerous threads on the depreciation benefits of RE investing but need to ask the following for clarity. I earn over $150K in W2 income. My RE business partner and I have an LLC and are c...
Bryan Hancock
Salary/Dividend Split - How Does It Impact Social Security Eligibility?
If one sets up a LLC and takes a salary/dividend split via their LLC does all of the money get counted to determine eligibility to continue to receive social security payments? Or....does just the salary portion get ...
Nicholas Jose
My 3-year Game Plan for Financial Freedom
My Game PlanGood evening, BP.2019 is a month away and I’d like to share with you guys my game plan for the next 3 years. Keep in mind that this is a WIP, and perhaps if there’s someone out there who’s in a similar pos...
Arshad Hussain
CPA is refusing to include solo 401k in the tax return
My CPA says solo 401k is not allowed in my condition while several providers say it is allowed , who should I listen to. I want to use solo 401k so how can i convince my CPA. He says this link not applies:https://www....
Travis Buck
Rollover from 529 to a roth ira
I have 2 young kids and therefore have two 529 accounts. Each has a fair amount of money in them. After doing some research on the flexibility of a 529 as compared to a roth, I have decided to open each kid a roth ir...
Matthew J. T.
Putting contract under your name or under business name?
Does it make a difference if I put my name as the buyer in a purchase and sale agreement, or is it better to use your business's name when putting something under contract? I don't know if it matters, but I thought I ...
Gary Li
Can I convert Rental Income from Schedule E to Active Income on Schedule C?
I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...
David Howarth
Negative Cash Flow
If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...