Orlando Morgan
Social security Tax
Do I still have to file a SS form C-3 for the year separately or will it all come out when I file my home business 1040.
Marek J.
After tax return question
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
Tamara R.
Flipping and taxes
I often hear that you need to pay social security taxes on your profits from flipping. What if you already pay the max social security tax on your income from your regular job? Would the flip profits still be subjec...
DL Martin
IRS view of taxpayer intent.
Sorry for the clumsy thread title.
I have searched the forums here but still do not have a clear idea of what makes someone a "Real Estate Investor" vs. "Real Estate Professional."
In the interest of br...
Tesho Akindele
Taxes on Quick Sale of Rental Property
How do taxes work if I sell a rental property for a gain within a year of purchasing it? Am I able to deduct all of my expenses from operating the rental against the gain from the sale?
Sam Williams
Taxes on wholesale while working a day job
When you're part time wholesaling while working a day job how do you handle your taxes? Do you set aside 35% from wholesaling then pay quarterly? Then do you change the way you file taxes on your day job? Sam Williams
Spenser Murphy
Taxes and flipping properties
Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...
Jake Morin
Self-Employment Taxes (Medicare and Social Security Taxes)
Good morning all, Hope everyone is enjoying the busy season. I have been reading a few posts on BP forums (that are 3-5 years old) about self-employment taxes which state that if your average stay is less than seven d...
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....
Gloria Sheridan
Calculating % Replacement of W-2 Income with REI Earnings
My goal is to calculate how much of my W-2 income I've replaced so far with my real estate efforts. I've set up an Excel tracker to assess this and I'd like your validation of my approach. I'm already 5 buy-and-hold m...