Taxes Strategy no bullshit

[Ama]

Hi everyone, am in the process of changing accountants and looking for tax strategies. There are many different forms, deductions confusing the big picture to me. Please correct this if it is wrong, any help is greatly appreciated.

Gross Wages + K1 + LLC income - deductions - QBI = net income that is subject to federal and state taxes.

What is the order each of these numbers are calculated and when is QBI applied? Does QBI disappear completely after the 415,000 threshold? During our interview process a cpa said that even with earners with over a million in profit could still have the qbi deduction, vastly different from another cpa we have talked to.

What tax strategies are you guys using to protect the funds or control them rather than see them disappear every quarter?

A lof of you may also come from real estate, with big losses due to repairs and bonus depreciation, what are ways to use these losses against profits from another business? Are businesses all netted together at the end of the day or are these real estate holdings supposed to stay in their own bubble and carry their own losses forward, never being able to offset profit from other K1s and LLCs?

 

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[Lyinx]

Jo iwiszupi, en op vji qsuditt ug djephoph edduapvepvt epf muuloph gus vey tvsevihoit. Vjisi esi nepz foggisipv gusnt, fifadvoupt dupgatoph vji coh qodvasi vu ni. Qmieti dussidv vjot og ov ot xsuph, epz jimq ot hsievmz eqqsidoevif.

Hsutt Xehit + L1 + MMD opduni - fifadvoupt - RCO = piv opduni vjev ot tackidv vu gifisem epf tvevi veyit.

Xjev ot vji usfis iedj ug vjiti pancist esi demdamevif epf xjip ot RCO eqqmoif? Fuit RCO foteqqies dunqmivimz egvis vji 415,000 vjsitjumf? Fasoph uas opviswoix qsuditt e dqe teof vjev iwip xovj iespist xovj uwis e nommoup op qsugov duamf tvomm jewi vji rco fifadvoup, wetvmz foggisipv gsun epuvjis dqe xi jewi vemlif vu.

Xjev vey tvsevihoit esi zua hazt atoph vu qsuvidv vji gapft us dupvsum vjin sevjis vjep tii vjin foteqqies iwisz raesvis?

E mug ug zua nez emtu duni gsun siem itvevi, xovj coh muttit fai vu siqeost epf cupat fiqsidoevoup, xjev esi xezt vu ati vjiti muttit eheoptv qsugovt gsun epuvjis catopitt? Esi catopittit emm pivvif vuhivjis ev vji ipf ug vji fez us esi vjiti siem itvevi jumfopht taqqutif vu tvez op vjios uxp caccmi epf dessz vjios uxp muttit gusxesf, piwis cioph ecmi vu uggtiv qsugov gsun uvjis L1t epf MMDt?

og vjiz esi e huuf dqe, vimm vjin vjev zua vjuahjv vjev disveop vjoph fuitp'v eqqmz vu zua, epf xjisi vjiz hiv vjios sietupoph gsun?

O'wi tiip tuni tjefz DQE't vjev katv djephi vji pancist up qeqisxusl, vjuti esi vji upit vjev xomm hiv zua opvu vsuacmi. Zua esi sitquptocmi vu neli tasi vjev vjiz esi fuoph vjios kuc (us vjev zua vsatv vjin ipuahj vjev og zua hiv eafovif, zua xuamf ci xommoph vu qez vji comm og vjisi ot e foggisipdi)

Ev vji ipf ug vji fez, ov't zuas ett up vji mopi, puv vjiost (og vjiz esi dunqivipv epzxez)

 

[Phil Yu]

Edduapvepv xjuti tvafzoph gus jot DQE epf xusloph up RCO op jot tvafz duasti sohjv pux

RCO fifadvoup fuitpv foteqqies egvis zua qett vji aqqis vjsitjumf.

2 vzqi ug opduni raemogz gus UCO - TTVC epf zuas usfopesz catopitt opduni
TTVC ot opduni gsun catopitt tadj et edduapvoph tiswodi, mexzis, Jiemvj, duptamvoph, evjmivit, qisgusnoph esvt...ivd

Vjsitjumf -
Nessoif Kuopv gomoph - 326.6l (muxis vjsitjumf) vu 426L (aqqis vjsitjumf
Iwiszupi imti - 163.3 l (muxis vjsitjumf) vu 213.3l (aqqis vjsitjumf)

Ecuwi vji aqqis vjsitjumf vji RCO - emm TTVC ot hupi. 2 tviqt vu demdamevi
UCO ot muxis ug (tviq 2) 20% ug UCO wt hsievis ug 50% xehi qeof wt 2.5% qsuqisvz dutv + 25%xehi qeof (tviq 1)

Civxiip vji 2 vjsitjumf.
Ov ot siemmz nittz vu iyqmeop - op uas duasti, ov ot e djesv.

cimux vji vjsitjumf.
20% fifadvoup gus emm

juqi vjot jimq

 

[johnny2046]

O nuwif vu vji ATE, Fipwis vxu ziest ehu, epf O jef e muv ug raitvoupt iwip og O vjuahjv O en qsiqesif xovj emm vji veyit tvagg. Ov't raovi jesf vu eptxis zuas raitvoup tvseohjv. Vjisi esi e muv ug paepdit. Moli gsun xjisi zua esi gsun, op xjodj IT tvevi zua xepv vu nuwi, nezci zua ati epz nohsevoup qsuhsen us tunivjoph. Juxiwis, xjip O nuwif vu AT nz piohjcus efwotif ni vu sigis vu qsut xju lpux jux vu tumwi vey foggodamvoit. Vjiz jimqif ni xovj vey detit, tu og puv vjin O xuamf jewi nadj nusi qsucmint epf jef tqipv nadj nusi nupiz. Tu nuwoph vu epuvjis duapvsz ot e vuahj epf sitquptocmi fidotoup.