I am doing a 1031 on the sale of a property that has been depreciated down to nothing (it's a condo). I own it free and clear. I would like to have the cash - but not the tax bill. I am thinking that if I buy a ren...

For those of you that have a Solo 401k with checkbook control, does your financial institution that holds the funds perform any reporting? For example, do they issue a 1099? My understanding is that the only rep...

Ok, I have read a lot of posts on this subject and I am still unclear on what you can and can't do. But, it appears that I may not be able to do what I was hoping to do...Here is the scenario: I have recently "retired...

Hi, all. I need some help deciding what I can do with a deal brought to me by a friend. Property is a two story with a one story side-addition, 3200 sq ft, century-old storefront-type building with 2 1-bed apartments ...

Financial Independence Retire Early (FIRE).  It seems to be everywhere these days.  I just heard on a podcast that there is a movie coming out in a few months about the FIRE movement - which sounds awesome.  I'm sure ...

Hello everyone, I've never posted anything until now but I've been on here reading, learning, absorbing for a few months now and I haven't seen this topic fully discussed so maybe we can use my own situation to help ...

If I am to purchase a property as the wholesaler of a transaction where the seller has unpaid taxes, who is held liable for the payment of the delinquency. A few things, should I (A.) make a deposit in an escrow stati...

Hello everyone,The idea behind an RRSP (registered retirement savings plan) is to shelter the taxes you will pay on your income until you eventually find yourself in a lower tax-bracket.  Well, I'm asking all of you, ...

My 7 year old daughter came home with a fake tax lien check she created in 1st grade Computer Lab. It was made out to Mom for $70,400. At the bottom in tiny print it said, "This is not a Check"

Hey there,

Getting ready to lease my first property Feb 1st! I'm trying to determine the best way to go about handling taxes. Should I do it myself or hire someone/subscribe to a service? I think I'd prefer to leav...