24:05 That same thing happened to me except I asked a revenuer over the phone and got the wrong answer. Mine wasn't 15 mil, though, just about 38k gain on 110k.
You missed main loophole. Buying real estate, with cost segregation you can write off almost the whole house. I have video about that with my CPA on my channel.
After engaging myself in someway of earning more income and stop depending on the government I voted. My family are happy once again and can now afford anything for my family even with my Retirement.$57k weekly returns has been life changing, after so much struggles.
No,@@benjamins8082 You want total stability when using this product and IUL is subject to market fluctuations. This is not in the best interest of the client.
@@MichaelWilliams-ph4ri Ken did not mention that when talking about real estate. He said it’s operated as a loss. So I’m wondering exactly why one could operate as a loss with real estate but not any other type of business.
Understanding the various retirement savings options and tax strategies is essential for maximizing your financial future. Leveraging employer-sponsored plans like 401(k)s and exploring Roth IRAs can lead to significant tax savings over time. 💰
10:05 A 'home office' must be exclusively used for your business. You can't do anything else in there. But if you are storing inventory - crap - as I write this he is saying it.
If you guys want ken to keep making videos like this please share with someone you think would benefit!
thank you.
I'll pay you a thousand dollars if you pronounce it "deprEciation"
Great content!
Estate planning is coming to be very important, and I would like to know more.
A great CPA is worth their weight in gold. Still looking for mine. Thanks Ken and Eric
Voluntary compliance based on self-assessment. That is all.
If you hold a rental property for 28 years,you take all the depreciation. What will happen after this period ?
24:05 That same thing happened to me except I asked a revenuer over the phone and got the wrong answer. Mine wasn't 15 mil, though, just about 38k gain on 110k.
You missed main loophole. Buying real estate, with cost segregation you can write off almost the whole house. I have video about that with my CPA on my channel.
I would do a Iul over a Roth . Roth ira are variable account and no guarantee income stream
After engaging myself in someway of earning more income and stop depending on the government I voted. My family are happy once again and can now afford anything for my family even with my Retirement.$57k weekly returns has been life changing, after so much struggles.
Hello how do you make such weekly??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Maria Angelina Alexander I really appreciate her efforts and transparency.
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
This is a definition of God's unending provisions for his people. God remains faithful to his words. I receive this for my household.🙏
Yes, I will leave her information below this comment.
I would love to learn more about Estate planning! Thank you
Do you and Robert have the same business accountant?
Good stuff 👍🔥
Jesus is LORD
Amen!
Jesus is Lord. According to scripture, If you read the KJV Lord refers to Christ and LORD refers to GOD.
Excellent!
Good stuff
If your income is above 150 you can’t really use CD any losses
Thanks!
Very surprised you didn't mention the # tax shelter: high cash value whole life insurance. What a great play, especially for real estate investors.
Does Universal work the same way
No,@@benjamins8082 You want total stability when using this product and IUL is subject to market fluctuations. This is not in the best interest of the client.
Yes, I understand. But what are you going to do when you can afford rent. Are you going to complain to the government?
You can get around the hobby issue. The IRS doesn’t audit for hobbies. They don’t care as long as it’s not an obvious fraud.
Agree.
Ya all walking into an East Texas wild hog trap
..Read The Great Taking by David Rogers Webb
Get rid of IRS and paying taxes to England
👍
If only you could spell Depreciation correctly, you might have more credibility.
No audio. Please fix
Yup, I thought I was the only one.
I have audio.
How come you can use depreciation to report a loss year after year, but you can’t have a regular business report a loss year after year?
After 5 years of losses, they will assume it is a hobby.
@@MichaelWilliams-ph4ri Ken did not mention that when talking about real estate. He said it’s operated as a loss. So I’m wondering exactly why one could operate as a loss with real estate but not any other type of business.
"If you have a loss 3 out of 5 years, then it's presumed to be a hobby." I guess Kmart was what's known as a _serious_ _hobby_ .
I'm sorry - Why is it the rich don't want me to know about IRA's? Come on man!
🧐
Understanding the various retirement savings options and tax strategies is essential for maximizing your financial future. Leveraging employer-sponsored plans like 401(k)s and exploring Roth IRAs can lead to significant tax savings over time. 💰
10:05 A 'home office' must be exclusively used for your business. You can't do anything else in there. But if you are storing inventory - crap - as I write this he is saying it.