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How should someone set up the business for Airbnb?
44:15
is it better for the Wholesale Trust/Land Trust to be a C Corp instead of an S Corp?
55:16
Toby Mathis, Esq. answers these questions along with Jeff Webb, CPA and more during this episode of Tax Tuesday, a bi-weekly FREE LIVE webinar event.
Join us LIVE bi-weekly at 👉
9:28 – Are there any restrictions on being a REP during retirement? My father is retired from the Postal Service and spends more than enough time materially participating in repair, maintenance, and general work in rentals.
15:10 – Do I have access to my ROTH 401k contributions in the way I do Roth IRA contributions before age 59.5? What if I separate from my employer and roll the Roth 401k into a Roth IRA? Do I have access to any of those funds before 59.5?
22:49 – I am 68 now and I have an inherited spousal IRA (she was about 5 years younger than me). I know that I need to start RMDs on my IRA when I hit 72. When do I have to start taking RMDs from the inherited spousal IRA? When I hit 72? Or, when she would have turned 72 (which would be when I hit 77)?
29:57 – Why would someone invest in a Publicly Traded Partnership? How are they taxed? I don’t hear you guys talking about them in any way either positive or negative. I wonder if a PTP is a good option to invest in for diversity.
38:21 – I have converted my primary home to a STR this year. If I complete 100+ hours of active participation and more than anyone else, can I deduct the losses from my W2 wages (active income)?
44:15 – How should someone set up the business for Airbnb?
47:06 – If you take regular depreciation then replace windows, roof, and other large item such as A/C, and want to take component depreciation for those items, Do you have to make any adjustment to the regular scheduled depreciation amount?
51:15 – Can I be a real estate professional by running short term rentals?
55:16 – Why is it better for the Wholesale Trust/Land Trust to be a C Corp instead of an S Corp? If I am buying land and subdividing on paper only, but doing engineering studies, etc. am I looked at as a dealer-again this is only land.
1:00:40 – Plan to donate my paid timeshare and does that relieve me of my maintenance fee yearly? I have not used my week and I called the company and refused to give me credit for the time and I paid the yearly fee as well. How can I legally make them accountable for this?
1:07:44 – If previous MF owner took appreciated depreciation on 15 yr. Items, how would I know and would that impact purchase price?
1:09:36 – How does the IRS track capital gains on sales under 2 years from acquisition if 5 million homes sell per year in America?
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Disclaimer
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#taxtuesday #landtrusts #ccorpvsscorp…(read more)
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I am with you all this time with honor
Is there one time transfer from ira to Roth without penalty
I'm currently in process to do a BRRRR on a Commercial Multifamily. I've used over $60k from Credit cards and Heloc to complete rehab and all units are rented. I also work a W2 job. Can I still benefit from write-off to offset my income even though I'm not a Real estate professional?
Portland Oregon Gresham Oregon troutdale Oregon Fairview Oregon Beaverton Oregon aloha Oregon Salem Oregon and The Dalles Oregon
What does it mean if an officer illegally shows up on a property and takes off his badge and relinquishes it to you do you still get to keep the property or do you have to like take his title I'm not quite sure based off of the learnings I'd like to find out the findings thank you.
Bridgewater, NJ