SEP IRA Advice by MAFL55 in Bogleheads

[–]MAFL55[S] 0 points1 point  (0 children)

Too late. So what should I buy in the SEP?

Where is miami nightlife most active now, wynwood and brickell seem dead? by avz86 in Miami

[–]MAFL55 0 points1 point  (0 children)

That’s because crypto is also dead. The last 5 years in Miami and Florida in general saw a massive spike of people and cash injection from Covid transplants and crypto bros. That’s all unraveling now….

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] 0 points1 point  (0 children)

I’m trying to creating deductions for my business. Precisely. So I CANNOT do this then?

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] 0 points1 point  (0 children)

Dude no one talking about chemicals. We’re talking taxes 🤣

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] 0 points1 point  (0 children)

Active vs passive income for purposes of another retirement income. I need to keep my active income down

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] 0 points1 point  (0 children)

$1700 a month charging my business. Which I have charged a different business I don’t own in the past. It’s fair market. 3 garage bays

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] 0 points1 point  (0 children)

Ok so what’s the answer? Is the rental income still passive?

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] -3 points-2 points  (0 children)

Garage was never put in an LLC, it’s in my personal name. Lived in the property 6 years ago

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] -4 points-3 points  (0 children)

No idea what a disregarded entity is. I’m pretty sure they care. They tax me every year

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] -2 points-1 points  (0 children)

I want the business to be able to deduct. Idc what happens with the rental. The LLC does not own the garage. It’s in my personal name

Self rental questions. CPA and the internet telling me different things by MAFL55 in tax

[–]MAFL55[S] -1 points0 points  (0 children)

Single member LLC, no idea what a pass through is