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If I have a rental business, can I use that income to qualify me as self employed so I can set up a self-directed solo 401(k)?
@Dmitriy Fomichenko @Seth Tandett
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What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
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Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...
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So, I keep hearing about it being great to be classified as a "real estate Professional" for tax purposes. It seems the only benifit is to be able to deduct passive rental losses from ordinary income.. Since I have no...
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My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
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2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
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Besides the 1031 exchange what else is recommended. If I plan to re invest some of the money.
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If I were to convert my 401k to a Self Directed IRA would it be possible to use those funds to partner with someone and If possible how would that work?
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Does anyone have any insight on how 401k and/or an IRA can be used to purchase property? Pros/Cons? Any way to avoiding early withdrawal penalties?
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Hi,I own an 8-unit building in Los Angeles, that's on the city's list for a mandatory seismic retrofit. We just handed out the Tenant Habitability Plan (THP) notices today, and one of the tenants wants to apply for pe...