Message from @wͫ́í̯̭̭̆̾nͣͣŃT̥̥͕̈́.exͯ̈́̉e͋͆̐ͮ
Discord ID: 509711210699030541
another 10% income tax deduct en route
also start an S corp to transfer the rental over to
not without the house, lol
Put your personal home in another S corp
its in an scorp
Mark down the "losses"
Yes! Listen to Ron!
🆙 | **S0NS0FLIBERTY USA leveled up!**
they're actually both in a property holding llc
👏🏻👏🏻👏🏻
ive been in it a while kids.
Problem with an LLC is profits go to employees
waking up to an instant 40k reduction in value over the two houses your trying to sell is still a boninc
S corp gives you more flexbility
there are no employees
two officers
my dad and I\
then if your transferring real estate you can o a 1031 exchange
it all shakes out the same
we have a couple s corps as well
charge "fees"
yea, thats the property management, co
Honestly, the new tax laws make the C Corp the best way imo. Just keep it in your Corp.
Ew C corp
biggest tax burden
No I know but the tax rate on Corp is Dick.
rental income is treated differently
I’m in a height state income tax state so it works here. Don’t know CT tax law.
jam im gonna only tell you this once
but yea, when I sell, if there was to be major gain, some of that would play. Tax law is concerned with profit though
take an equity loan out on your property
totally not the issue here
have renters pay cash
deposit less than 5k per month
whats left over is yours to spread
Ron are you Russian?😂
equity loan is your wash machine
yea man, i dont pay taxes. asset stealthing is the name of the contractors game
bank doesnt care as long as you make the payments
2.5% I pay on 190k.