If you mine bitcoin, how is it taxed? Is it taxed at the price of bitcoin minus electricity, then turned into US dollars?
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How do you set up Qualified Opportunity Zone Fund the correct way?
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.
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7:28 – I understand that, if I want to set up my own Qualified Opportunity Zone Fund, it needs to be in a partnership of some kind, with an LLP, LLC, C-corp, or some other entity structure. Can I form a viable partnership for this purpose with my IRA-owned LLC?
14:35 – I would like to make my investment condo my primary residence for tax benefits upon its sale — without sleeping there 731 days over 5 years. Is that only a safe harbor measurement or a hard-and-fast rule?
24:24 – How can I take profits out of an S-corp without paying a lot in taxes?
30:36 – How do you account for remodeling expenses versus maintenance expenses for a rental property?
42:04 – If you mine bitcoin, how is it taxed? Is it taxed at the price of bitcoin minus electricity, then turned into US dollars?
50:51 – Can an employer contribute to a profit-sharing retirement plan if there was no profit for the year?
56:47 – If my business and house are in my revocable living trust when I die, what kind of tax will my kids (the beneficiaries) have to pay on “getting the business” or the house?
1:07:33 Has the IRS relaxed the 750 hours requirement for real estate professional status for 2020 in light of the difficulties of the Corvid pandemic?
1:13:48 – I understand that I will owe income taxes on the amount of a withdrawal from my traditional IRA. Can I use passive activity losses (PALS) from rental real estate investments to offset this IRA withdrawal income to avoid income taxes on the IRA withdrawal?
1:15:00 – Can I buy an investment property before selling a property in a 1031 exchange?
1:16:19 – For a W-2 employee, what do you recommend is the best way to save on taxes when stock market trading?
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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 #bitcointaxes…(read more)
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Wash dc
What a great way to defer crypto gains! Thank you.
Mr. Anderson, I had watching your program on the TV about the capital gains and I think that you're very confusing wth the mathematical. Your partner is completely corrected to do it every two years
Both of you are truly brilliant! Many thanks!
Can a land trust be a limited partner in a real estate limited partnership?
District of Columbia (DC) can a general partner of a real estate limited partnership be a Wyoming LLC? Who or what entity can be a general partner in DC?
Question: what is the difference in tax benefits, etc between a real estate limited partnership and a real estate LLC (buy and hold)
District of Columbia
Nice video I so much love it…… most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and going higher financially
23:00
Great video ✅ I still see Cryptocurrency as one of the best digital investment and I totally love the technology when it comes to the largest crypto asset bitcoin. As a trader, I have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides, though I am not kicking against Hodl, but I see it as an old and odd strategy to make profit of the market as when the market goes bearish investors/traders lost their investment which is always painful, which is why i find day trading as a major source of making profit from the crypto sector or copying trade alerts from a professional trader like Mr James Clifford whose trades are 89% accurate to execute trades correctly and i have been able to grow my portfolio massively from 1.4 btc too 4.5 btc in just 3 weeks of using his signals. Mr James runs program for Wealthy Elites on how ƚradıภg cryptocurrency works, helping them utilize the volatility of the crypto market and also stacking up more profits from the market. He can be contacted via telegram @ Cryptowithjames
WHEN I MET NIKTOHACKSOLUTION ON TELEGRAM MY LIFE CHANGE TO BETTER LIFE CAN’T IMAGINE LIFE WITHOUT YOU
WHEN I MET NIKTOHACKSOLUTION ON TELEGRAM MY LIFE CHANGE TO BETTER LIFE CAN’T IMAGINE LIFE WITHOUT YOU