Personal use, mixed-use items, or home office mistakes are common pitfalls.Retirement or education credits: These are often oversimplified on social media, and claiming them incorrectly can lead to huge penalties.The IRS has sophisticated systems to catch improper claims, and relying on viral tips instead of professional guidance can be very costly.

Hey everyone!Here's a link to an event on Jan 27th at 7 pm at Jailbreak Brewing Company in Laurel, MD:https://www.biggerpockets.com/...Investors or investor-curious of all levels welcome!

She can start her social security in a year.

The reason is that flipping is earned income subject to FICA (social security tax {14%]) With an S Corp some of your income can be a salary subject to the FICA tax and some can be a "Dividend" which is NOT subject to FICA tax.I think @Ryan Coon has said some things that might be misleading.

Hi @Yusuke Koike, Owning out-of-state property can have different implications depending on whether you title it personally, under your Illinois LLC, or form a Texas LLC.

This means the ordinance could be considered by the City Council as soon as Thursday September 25, when it is scheduled to meet—less than two (2) days from today.Urge the members of the Housing Committee to delay a vote on this far-reaching measure until we examine the ordinance and fully understand its implications.

This recapture effectively reduces the property's adjusted basis, increasing the taxable gain on sale.Proper planning and tax strategy are essential to balance the upfront benefits with the potential tax implications at disposition.

that could in itself have different implications as well.  

Quote from @James McGovern: Letters don't have the same response rate as it did pre social media  Social media was certainly around in 2018.

Quote from @Erik Estrada: Quote from @Patrick Roberts: I threw some money at it just out of curiosity a while back. 90% of the leads came from outside the BP forums from social media ads on youtube and meta.