Hello Bigger Pockets Friends! Looking for guidance on two questions related to single family detached rentals. 1.) If I sell a rental that I acquired using 100% qualified retirement money from a Solo 401(k) and immed...
If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax? Or is that considered a “hands off” activity and not taxable? Thanks!
Question from a newbie. I have 5k in Roth IRA and 20k in Traditional IRA. The 20k was rolled over from old 401k. They are sitting in bank doing nothing. I would like to pull them and put them in an investment property...
[b]You posted this before
""f you have the ability to build a home and a flexible wife, MOVE often if property is appreciating in your area. Many years ago, you could sell your personal residence ONE time in your lif...
This may be a silly question but for tax reporting purposes does your earnings need to match exactly to what Airbnb is reporting? Reason I ask is that I've been tracking earnings based on when they are earned whereas...
If you’re sick of tax-induced headaches and want to learn when and why to defer earnings, read this interesting article: http://taxes.about.com/od/taxplanning/qt/year_end_tips.htm
What is the definition of tax benefits and what are some types. What do tax benefits help with and what are they good for in real estate investing.
I promised my wife I'd work with her and be available to help with the income taxes for a couple days. I drive the MRS crazy with the things I do. I decided that since I have time between her questions, I'd post today...
I've been learning about SDIRAs and from what I understand when you use the money in your real estate business, the money you earn will be tax free. So as Amanda Han put it in podcast 49, if a wholesaler puts a $1,...
Did you know that you can rent out your home for up to 14 days per year without having to report the rental income on your tax return? Section 280A(g) of the Internal Revenue Code is also known as the Augusta Rule. It...