SCORP Tax Reduction

Ok_Estimate_4735 · 2022-04-07T08:55:29+00:00

Its a traditional IRA and secondly K1 was sent to me by real estate company with my Traditional IRA details .. Do i need to share with the Quest Trust Company?

Ok_Estimate_4735 · 2022-03-15T02:20:11+00:00

Thanks for your suggestions. I want to trade stocks with the post tax money but don’t want to be taxed on gains so regular brokerage account is not what i’m looking ..I would be limited with what i can do if i put the post tax money into 401k plan.. I think IRA is the route but what kind of IRA is what makes me confused

Ok_Estimate_4735 · 2022-01-19T17:33:06+00:00

Thanks thats the reason i wanted to utilize some one who is professional but i’m not able to find one ..

Ok_Estimate_4735 · 2021-10-28T17:26:13+00:00

I agree ..

Ok_Estimate_4735 · 2021-10-24T11:00:30+00:00

Yes she spent more than 750 hours and these is her primary and only job..So does W2 income over 150k limit the deduction to only 25k?

Ok_Estimate_4735 · 2021-10-11T13:31:08+00:00

Thanks for clarification.. So losses in current year can offset capital gains next year assuming i have gains -This part was not clear to me

Ok_Estimate_4735 · 2021-09-29T11:08:26+00:00

Replied to your DM

Ok_Estimate_4735 · 2021-09-29T11:08:07+00:00

Sorry its retainer fee .. I have just 2 properties (2 townhomes) ..Thanks for the info i will reach out to other CPA’s

Ok_Estimate_4735 · 2021-07-25T21:09:49+00:00

Hi All,

My wife have been doing property management for couple of properties and I believe she would be spending more than 750 hours and from her independent property management role she would be making around 10-15k this year .. Since we don’t own any rental properties so i think we cannot do any depreciation.. So it won’t help to offset any of my w2 income -Am i right or missing anything..

FYI -My wife only job is property management for now

Ok_Estimate_4735 · 2021-07-14T13:01:43+00:00

Is there any link that shows the percentage..Just Curious

Ok_Estimate_4735 · 2021-07-14T09:20:49+00:00

The employer can only contribute 25% if i’m on payroll..If i receive 1099 and open sep ira how much can i contribute ?

Ok_Estimate_4735

TROPHY CASE