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What are some things one needs to know to do with/about their taxes in reference to Real Estate. Like who would you get a 1031 Exchange from when you are getting ready to sell property?
18:06
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0:00 - Intro
9:38 - Is the form 1031 option applicable on personal-use property in case the same property is sold less than 2 years of use by the owner?
18:06 - What are some things one needs to know to do with/about their taxes in reference to Real Estate. Like who would you get a 1031 Exchange from when you are getting ready to sell property?
21:20 - I have a S-Corp and wanted to know if there are any tax advantages to buying a real estate business to grow my S-Corp? Is it more worthwhile creating another instead of buying another to add to my S-Corp?
27:44 - I have a second home in my personal name in a different state. It has appreciated. If I sell the property, how would I be taxed?
32:00 - I have a client that purchased a home in 2016, lived in it for 4 years, and in 2020 they rented it to a friend. They want to sell it and help their daughter get into a new place. They don't want to pay capital gains taxes on the property. What would be the best course of action?
37:55 - I invested in Real estate syndication with SDIRA traditional IRA account. The account is deferred tax account. I received K-1. Showing income. I am told I have to pay UBIT taxes now. Do I also pay Taxes when I take distribution? Would that be double taxing?
44:30 - I plan to purchase rental property (with a loan), with option to occupy several weeks out of a year. Is it better to rent entirely or purchase as secondary home? If I am to use it as rental only, how much travel expenses am I allowed?
48:41 - Can my business pay 100% of my tuition for going advancing my career? If yes how do I set it up?
54:28 - With our C-Corp, would it be best to pay us a minimum reasonable salary and supplement our personal income with dividend payouts, assuming that dividends are taxed at lower rate and not subject to self employment tax?
1:01:33 - Considering investing in real estate with the associated deductions to offset some of the in the 2021 year period to capital gains taxes. May the purchase of the real estate occur prior to filing deadline, 2022 to offset gains made in 2021 or needs to occur in the same year?
1:03:53 - I am looking to domesticate my LLC from Nevada to Wyoming. I have previously done a flip with the LLC. Is it okay to move to Wyoming as a standalone entity? Is my anonymity already shot?
1:06:29 - With all of the proposed tax changes under this administration, are there any moves that should be made now?
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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 #1031exchange #realestatetaxes
13 июл 2024
