14:33 I have sold real estate in 2022. Can I avoid capital gain taxes if I purchase real estate in 2022? 0:00 Intro 6:23 I am thinking about investing in a Bitcoin mining fund. We will take 90% depreciation in the first year. Can I use that loss to offset my gains over the next few years of the fund? Passive loss for passive gain? Welcome back to another installment of Tax Tuesday! There are a lot of questions to cover in this episode so tune in as Jeff Webb, CPA and Eliot Thomas, JD. break them down. Join us LIVE on Tax Tuesdays every other Tues 👉 8:40 Our business generated substantial income in 2022 as a single-member LLC. Can I create a new LLC, elect an S Corp status in 2022, then move income from our single-member LLC to a newly created S Corp, and be taxed as an S Corp for 2022? 11:12 Is it true that creating a revocable living trust will raise my capital gains taxes if I sell my primary residence home? If I transfer to my name, I must live in it for 2-5 years to qualify for lower capital taxes? 17:38 I am retired. I want to give a sum of money to my son. How can I advise him regarding deferring taxes on that inheritance money? 22:10 I am on social security (still an entrepreneur, but currently have no significant income beyond social security), and I'm looking to buy a duplex with my business partner's mother, whose sole source of income is social security. We would each reside separately in the two units. 29:48 I have a $14K tax liability for 2021. Should I open a SEP or SIMPLE IRA to reduce the 2021 tax liability? What else can I do for 2021? 33:11 My LLC bought a fixer-upper in 2021 and sent a 1099 to the contractor who did the repairs. The property is now rented. Does my LLC have to include this 1099 for repairs on 2021 taxes or do we have to wait until the property is sold? 45:27 Can you explain what cost segregation is? How do you apply it when you buy a rental property? What can be used in cost segregation? 40:25 If I rent a property, is it better to declare it as personal income or register an LLC or S Corp? Thanks. --------------------------------------------------------------------------------------------------------- SUBSCRIBE ~~~~ FREE REAL ESTATE INVESTMENT STRATEGY SESSION Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 FREE TAX & ASSET PROTECTION WORKSHOP Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream from 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and much more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 ~~~~ FOLLOW US: Instagram: Facebook: Twitter: LinkedIn: TikTok: ~~~~ CONTACT US Phone: 800.706.4741 Email: info@andersonadvisors.com Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at --------------------------------------------------------------------------------------------------------- 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. of the information contained herein without seeking professional legal advice. #TaxTuesday...(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/how-reinvesting-can-help-you-avoid-capital-gains-taxes-tax-tuesday-165/?feed_id=65150&_unique_id=63d53c2803d6a #Inflation #Retirement #GoldIRA #Wealth #Investing #1031exchangeexplained #Bitcoin #capitalgains #capitalgainstax #capitalgainstaxexplained #capitalgainstaxrealestate #costsegre #Entrepreneurship #financialeducation #howtoavoidcapitalgainstax #income #livingtrust #LLC #longtermcapitalgainstax #Retirement #shorttermcapitalgainstax #SingleMemberLLC #socialsecurity #tax #taxliabilities #taxtuesday #taxtuesdayand #taxes #whatarecapitalgains #whatiscapitalgainstax #SimpleIRA #1031exchangeexplained #Bitcoin #capitalgains #capitalgainstax #capitalgainstaxexplained #capitalgainstaxrealestate #costsegre #Entrepreneurship #financialeducation #howtoavoidcapitalgainstax #income #livingtrust #LLC #longtermcapitalgainstax #Retirement #shorttermcapitalgainstax #SingleMemberLLC #socialsecurity #tax #taxliabilities #taxtuesday #taxtuesdayand #taxes #whatarecapitalgains #whatiscapitalgainstax
Comments
Post a Comment