I've recently left my long time W2 job after my leave of absence expired when caring for my husband. I have a decent 401k that I do not want to leave in the stock market. Is an SDIRA my only option if I want to use th...
Just reviewed my transaction history from my bank which confirmed my property manager has not distributed rent for 12 months, I have requested a full disbursement. I'm an out of country investor - what are my options ...
I've seen a lot of info about the self-directed IRA for investors that are under 60, but I haven't found anything (yet) for those of us 60 and over. Is that still the best vehicle to move my 401k into, if I want to in...
My question is what concerns do I have if I repay myself the money I invested in my S corp or can be LLC. My plan is to put money in my already established S corp or start LLC. Buy a home cash sell it to myself on co...
I most likely will be moving a property into an LLC. Most likely the lender will notice the deed change and call the loan. This means I will have to pay it off. I can do that. But I don't want to have that much equity...
How does everyone pay yourself.. Do you pay yourself a "salary" or do you just take whatever is left after expenses and taxes as "profit" and thats yours to pay your bills and live your life? Also as an LLC or LLC "s-...
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how p...
Greetings tax experts,I've had my Solo 401k Trust for about 4 years now which grew very fast buying rental properties. I also have other properties not in this trust. Now, I'm at a crossroad of selling my sponsored LL...
Good Morning all,
I am not close to retirement age, and have a question about my Solo-401k account. It was opened in 2005 when I was self-employed, but have not really contributed to it since 2006 when I took up regu...