Відео

suppose you're a salary earner monthly for paychecks how do you implement that 70/30 rule to financial independence?

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

Can a person still utilize the benefits of an HSA if they are not itemizing deductions?

What if we bought a house for 1.4, lived in it for 20 yrs and sold it for 4.4?

you loose homestead

Hi Mr Mathis, I enjoy watching your videos. I have a question. I sold a rental property in 2022 and paid large capital gains for it. I profited over $220k before taxes. I am retired since 2019 and I collect income from my rentals. In 2022, my taxable income was $44,587. In your video, option 2 I could avoid paying capital gains if I had 0 to low income bracket? Do I qualify ? If so should I amend my 2022 taxes. Thanks for your time Mr Mathis.

So if your capital gain was initially 500k and say the value of your structure is 400k (you could depreciate 400k/27yrs=14.8k/yr). Say in 10 years you have done multiple exchanges and now your structure’s value is 4M, you can still only claim 14.8k/yr instead of the 148k/yr you would be able to depreciate if not for the original 1031 exchange taxable basis. Of course now you have an asset thats worth 8M instead of 800k… but your cash flow is taking a hit because of the additional income tax caused by the lower depreciation.

my husband is 83 and we have three houses and then he put his family in one of the houses and the two house he le for me as a spouse for me and two house it’s already paid off and one is not and it’s $1 million house, so do we need a well a living trust or just leave it like that I’m not sure how is that work because that’s what it said in the will

Definitely hope bonus depreciation and cost aggregations stay here, it’s Biden needs to slow down

If i am not wrong, you should be a billionaire .

I live in NJ. A few years ago, my dad set up a revocable trust. We went to a local estate lawyer. His will got updated & everything-his home, stocks, etc.- were put in the trust. It wasn't hard to do & overall, it didn't cost that much, under $2k. Our family has peace of mind. When my dad passes, it will be a very emotional time for us. His estate will be be settled quickly. All the work was done while setting up the trust while dad was alive.

What if I don’t want to take distributions?

Only in America are tax laws so complex, it's difficult to tell if this video was real, or standup comedy.

You said Roof of Real Estate is depreciable at 27.5 yeas but others are saying it is a 15 year asset. Could be please reaffirm your position ?

Is cost segregation available for multitenant apartment buildings over 10 doors each building???

Strategy

❤

I live in Newyork I will retire next year with 40years looking to move Connecticut will my social security and pension be tax more then Newyork taxes

If I use a margin loan from my brokerage account to buy income producing real estate, can I deduct the margin interest?

So I shouldn’t be a non profit but sole proprietor even as a ministry and and doing the buy one one donate one method?

my family does a lot of real estate and have multiple rental properties. i prefer putting the money in and forgetting about it. the hassle factor of real estate and risks are just unappealing to me.

Foreign private trust. Keep the trust out of their jurisdiction

Stop using words that fall under their jurisdiction. It's as simple as that. Multiple words to use that don't fall under their jurisdiction.

So don't call it income. Period

Great info. We've been having many conversations about the potential Estate Tax changes you mentioned at 10:50. It will be interesting to see what the future tax codes look like. To anyone reading this, do as Toby suggests and write your elected officials to voice your opinions on tax policy.

Re: NFT, when you state donate to charity to navigate the basis, does that also mean donate to our own non-profit?

Strategy: I bought home on auction in Tn. I live in Ga. Planned to move there but changed my mind. I put money in it and now it's on market. How can I structure to protect and save? Thanks

Nice video 💐👍🏼

How does that work if you mint / create a NFT for a utility case. Like as a unique token in a transaction. but there was no exchange of "money" for the NFT it's self just the underlying asset held under the NFT. Would you be takes on the cost of minting the NFT if you were the receiver of the underlying asset in that transaction?

How do I get a loan off the real estate that’s in my 501(c) 4?

Where does the QI hold the 1030 exchange money and, is it FDIC insured? Private insurance? Insurance limits for everything the QI is holding? Limits per customer, per exchange? Asking just in case that bank or institution where the money is held goes bankrupt, before the exchange is completed up to 180 days later.

Can a landlord do their own cost segregation or does it have to be done by a CPA [firm]?

How to qualify your w2 income as the contribution towards your business account? As a loan?

yes we want 100% bonus depreciation back!

Are there any updates on the "You Earned It, You Keep It" Act, for the gross income exclusion on Social Security Retirement benefits?

Get Your Free Consultation! aba.link/6fw

Get Your Free Consultation! aba.link/cyz

Love your content, wish you were FL based

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/fc6481

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/3be473

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/b84f63

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/aa6c31

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/d2474a

Fantastic content!

Are you interested in learning how to use the tax code to your advantage? Schedule your free consultation here: aba.link/ps7

If your estate tax would be that large it should have been growing in a non profit.

Would like to hear more about NFTs and crypto in detail please! Thank you!

Thank you.

Do you know what would happen if the parent and the child refinance the mortgage together under both of their names and then work to split the title, what happens then?

You had me at “I drive a car, jjjgghhghh”. 😂