Hello..Last year I sold a property and did not find another property to roll the earnings into within the time period. I was told that I could roll the earnings over into an IRA to avoid paying the capital gains tax. ...
In the beginning it wasn't too hard. The property depreciation would usually shelter all the income from my rental properties. Now that these buggers are getting paid off the income is increasing and the depreciati...
How can I create a tax structure that minimizes tax burden as a SEI? Is this even possible?
I'm just getting starting in real estate investing, have one property that nets roughly $2k every month. The tax shelter is one of the things I like about real estate (since I have a day job as well). And before goi...
I'm starting out wholesaling houses, but one of my concerns is how to protect your earned money. Definitely I understand that everyone needs to pay taxes, but which would be a way to protect the money as much as you c...
Hi GuysMy dad and I are 50/50 Managing Members of an LLC (filed as "Partnership"). He is 62 and I'm 42. A couple of years ago we just paid-off our bank loan, reduced our operating expenses to a bare minimum and are r...
NO POLITICAL STATEMENTS!President Trump's tax returns were subpoenad and then released to the public. What do they show? According to the LA Times, Trump is a "real big loser" because his properties all show losses an...
If I save money in an IRA can I avoid being taxed on that money and invest in real estate with it at a later time?
I would assume a RE attorney is a must for drafting contracts with sellers. And you would most likely want to consult with a CPA in terms of creating a business entity and how to shelter as much of your earnings as po...
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...