Skip to main content

Qualified Opportunity Fund, Taxes on Bitcoin Mining and More! Tax Tuesday Ep. 141


If you mine bitcoin, how is it taxed? Is it taxed at the price of bitcoin minus electricity, then turned into US dollars? *~ Claim Your FREE 45 min Strategy Session NOW! 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. Join us LIVE bi-weekly at 👉 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? 🚀 Ready To Take Your Business To The Next Level & Get A Detailed Risk Assessment To Help Protect Your Personal and Business Assets From Lawsuits? ***** Find about our Tax & Asset Protection Events at 👉 👉👉SUBSCRIBE to my channel 🔊 Be The First To Know, First To Grow LISTEN to Anderson Business Advisors PODCAST 👉 VISIT for solid financial strategies, tips, articles and workshops to help you grow and prosper. 800.706.4741 info@AndersonAdvisors.com Twitter: @TaxWiseToby Blog: 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)


LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
https://inflationprotection.org/qualified-opportunity-fund-taxes-on-bitcoin-mining-and-more-tax-tuesday-ep-141/?feed_id=49862&_unique_id=639a74046c002 #Inflation #Retirement #GoldIRA #Wealth #Investing #BestHoldingEntity #bestllcforrealestateinvesting #bitcointaxes #bitcointaxesexplained #Ccorp.oranLLCasyourholdingentity #creatinganllcforrealestateinvesting #forminganllcforrealestateinvesting #FullTimeRealEstateInvesting #llcorscorpforrealestateinvesting #qualifiedopportunityfund #qualifiedopportunityzonebusiness #settingupllcforrealestateinvesting #taxtips2021 #taxtipsforindependentcontractors #SpousalIRA #BestHoldingEntity #bestllcforrealestateinvesting #bitcointaxes #bitcointaxesexplained #Ccorp.oranLLCasyourholdingentity #creatinganllcforrealestateinvesting #forminganllcforrealestateinvesting #FullTimeRealEstateInvesting #llcorscorpforrealestateinvesting #qualifiedopportunityfund #qualifiedopportunityzonebusiness #settingupllcforrealestateinvesting #taxtips2021 #taxtipsforindependentcontractors
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'
Post a Comment
Read more