The upfront cost of the study may seem high, but the tax savings often outweigh it.

I was wondering if anyone could help me estimate taxes and insurance for a duplex in Dayton, OH 45410.

What Chase said here is spot on, especially the part about flips being taxed as short-term capital gains (which really just means they’re taxed at your ordinary income rate) if you sell in under a year.

I am wondering, is that the most Tax efficient way moving forward as I purchase more properties and forms more LLCs?

Hey William, what you said about S-Corp being a tax filing status and not an entity formation is spot on; that’s a common point of confusion.

You have never paid taxes??

Heirs can inherit Roth and the gains remain tax free PLUS the heir(s) didn't have to pay taxes on the principle.5.

It’s awesome you’re thinking about this so early, that alone puts you ahead.From a tax perspective, the biggest advantage you have right now is time.

The critical deadline is your tax filing deadline, not the calendar year-end.

Floridians are barred from using it. ;)If you are looking at buying rental properties, LLCs will not change your taxes, and S-corps will increase your taxes.