Here’s How to Reduce Taxes When Investing | Tax Tuesday #196

29:46 Should I start purchasing stocks inside of a type of retirement tax-deferred account of some sort? Tax-wise, what makes more sense?

Welcome back to another installment of Tax Tuesday! Tune in as Toby Mathis, Esq. and Eliot Thomas, Esq. break down your tax questions.

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0:00 Intro

7: 46 Is there a tax ramification of selling my personal home to my daughter via an installment sale?

14:04 What are the trade-offs of deferring that into Solo 401(k)?

23:02 Would the total expense of cleaning be a write-off, or would only a portion of the total expense be a write-off since the entire house is not used for business?

29:46 Should I start purchasing stocks inside of a type of retirement tax-deferred account of some sort? Tax-wise, what makes more sense?

34:58 I have been learning and experimenting with earning money through crypto trading, can you please tell me how to minimize taxes with profits earned through crypto platforms?

38:24 My California CPA said that regardless of what type of entity I put my CA rental property in, CA will still want to get the $800 Franchise Tax Board fee.

42:47 Does a cash-out refinance adjust my basis in multi-family apartments? If not how can I get a step up in basis before I sell if I have a lot of equity and depreciation already taken?

45:49 How does the Corporate Transparency Act impact the timing of real estate investment decisions from a tax-efficiency perspective?

49:39 In creating a Living Trust is it necessary to pay capital gains tax on real estate assets as they are transferred into the trust?

51:21 I have carried a $600K loss since 2011. I am a real estate professional with an S-Corp. Is there an alternative way to use that? I can’t live long enough at a $20K-$25K max deduction.

58:18 Outro
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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 https://aba.link/tobyaba
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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.

#stocks #taxes #stockmarketinvesting