I appreciate you guys so much! Teaching is awesome and all you guys are highly likable. I hope to run my own books&tax business in the near future and your content is steering me rightly! 💯
Hey I V, here’s a video that may answer your question and some: How to Buy Rental Property with an LLC: 3 Simple Steps ua-cam.com/video/5d8OGGuqce4/v-deo.html
Wow thank you so much for making this channel it's going to help me make great changes in my life. I'm currently trying to figure out what the best entity is for my production company.
@@shermanstandberry Not yet but I’m leaning towards an LLC for my food business. Might as well wait until 2022 at this point right? Working on getting a business credit card next.
Question regarding losses in stocks.. can you write the 10,000 on losses or Is there a 3,000 of annual cap loss write off? I head you can only write off 3,000 in losses yearly? Thanks
$3,000 a year can be written off as a loss, but your losses can be carried over to the next year if you want to write off another $3000 of the $7000 left.
LYFE accounting thank you I'm still learning and compounding my mind but thank you this was very informative and educational I only have 1 request LYFE accounting you said OWN VERY LITTLE BUT CONTROL everything trust and business entities I want to know more about that. 🤔🧠 Even if its complex I want to know I'm not intimidated or scared of a complex topic LYFE accountating Talk about it because at the end of the day If we are serious about investing and taxes and learning this stuff that I want to know the complex stuff as well 😃 This video was very informative 🤔🧠🧠🧠 Thank you 🤗💖
Am I understanding the opportunity zone tax incentive correctly…..? So if I sold my crypto for capital gains and used that money to buy property to rent in a low income zoned area and I keep that property for 10 years, I would in turn not pay taxes on that initial capital gain I took from crypto?
Not exactly... the opportunity zone tax credit is not related to capital gains. It's simply related to operating a business (or rental) in a specific zone like you mentioned. And you'd receive credits (money) for creating jobs or other eligible items in that zone. Each state/zone has different rules and amounts of credits so I'd look into that. Here's a video that describes credits a little more... ua-cam.com/video/WIYZ0lbxOBU/v-deo.html&t=
![How To Buy A Car In Your Business Name [STEP-BY-STEP]](http://i.ytimg.com/vi/gJn2king8P8/mqdefault.jpg)
![How To Buy A Car In Your Business Name [STEP-BY-STEP]](/img/tr.png)
Watch next: How to write-off ALMOST ANYTHING: ua-cam.com/video/fGCsaURwMYk/v-deo.html&t=
Wow I’m so glad I found this channel. You guys may have the best accounting CPA channel I’ve seen so far. Keep up the good work 💯
Thanks, Marcos! Still feels like we’re just getting warmed up 🙂
Nice work. Boy I wish you guys were in California.
Why California?
Great video!!
I appreciate you guys so much! Teaching is awesome and all you guys are highly likable. I hope to run my own books&tax business in the near future and your content is steering me rightly! 💯
Love it Michael. Thanks for the kind words and continued support.
That is crazy, useful content! Thanks a ton.
Glad it helped!
Very informative overview
Thanks. Great content. I subscribed instantly
Thanks, Meagan.
This is good! Thank you for sharing Sherman!!
Glad you liked it! Thanks for supporting.
Awesome information 👍🏾💯
Great video, just discovered the channel as French citizen, it is also helpful to me
Great to hear!
amazing information
thank you
This guy is awesome!
This was Super Informative! Love the info youre providing. Easy on the eyes too. Keep up the great work!💫
Thank you so much!
my guy is a beast
Thanks, Tim!
Thank you 😊
when buying real estate, do you buy it under your business name (LLC) or personal? getting a home loan is more difficult for LLC
Hey I V, here’s a video that may answer your question and some: How to Buy Rental Property with an LLC: 3 Simple Steps ua-cam.com/video/5d8OGGuqce4/v-deo.html
This is fantastic! Thank you!
You are guys are awesome
you guys ROCK!!!
Man thank you so much
Thank you for such useful and powerful information. So glad I found your channel!
My pleasure!
Thank.you so.much
Wow thank you so much for making this channel it's going to help me make great changes in my life. I'm currently trying to figure out what the best entity is for my production company.
Jeanine, did you choose an entity yet?
@@shermanstandberry Not yet but I’m leaning towards an LLC for my food business. Might as well wait until 2022 at this point right? Working on getting a business credit card next.
@@jeaninecarrere6688 Sure, no harm in starting in 2022. Good luck with everything.
wau eu gostei muito deste conteúdo irmão gémeo. meus parabéns. wau i really love so much this video congratulations my Twin Brother.
This is a blessed channel
Wow, thanks and God bless you!
Great information!
Glad it was helpful!
Great content
Thanks Kyle!
❤
No one pays any where near 50% of their income. Just because one dollar of your marginal tax rate got up to 37% tax!
Hello, how old do children have to be to do the shifting income to other individuals open?
Question regarding losses in stocks.. can you write the 10,000 on losses or Is there a 3,000 of annual cap loss write off? I head you can only write off 3,000 in losses yearly?
Thanks
$3,000 a year can be written off as a loss, but your losses can be carried over to the next year if you want to write off another $3000 of the $7000 left.
Yep, what@@qinglin1185 said‼️ It can be used offset any stock gains as well.
What about your rent and taxi fare can you file for those too?
LYFE accounting thank you I'm still learning and compounding my mind but thank you this was very informative and educational I only have 1 request LYFE accounting you said OWN VERY LITTLE BUT CONTROL everything trust and business entities I want to know more about that. 🤔🧠 Even if its complex I want to know I'm not intimidated or scared of a complex topic LYFE accountating Talk about it because at the end of the day If we are serious about investing and taxes and learning this stuff that I want to know the complex stuff as well 😃 This video was very informative 🤔🧠🧠🧠 Thank you 🤗💖
Thanks for watching, Haime. I briefly touched on it here but will create a separate video that goes in more detail soon. =)
@@LYFEAccounting look forward to it God bless you guys 🤗🤗😃 I'll be waiting for that video and excited to watch. 😃🤗
Are you guys taking on new clients?
Not at the moment.
I would like to be your Client . I live in NM !
Am I understanding the opportunity zone tax incentive correctly…..? So if I sold my crypto for capital gains and used that money to buy property to rent in a low income zoned area and I keep that property for 10 years, I would in turn not pay taxes on that initial capital gain I took from crypto?
Not exactly... the opportunity zone tax credit is not related to capital gains. It's simply related to operating a business (or rental) in a specific zone like you mentioned. And you'd receive credits (money) for creating jobs or other eligible items in that zone. Each state/zone has different rules and amounts of credits so I'd look into that. Here's a video that describes credits a little more... ua-cam.com/video/WIYZ0lbxOBU/v-deo.html&t=
Amazing stuff!!
Thanks for supporting Jean!