41:04 My investment style is to strictly invest in dividend-yielding stocks, with the exception of a few growth stocks. I always roll the dividends back into the generating stock. I never sell ANYTHING. So, my question is this: Must I pay taxes on the dividends?

Thank you for joining us on another installment of Tax Tuesday, where we answer your long-awaited questions.

0:00 Intro

8:06 What are the tax implications of selling stock and using the proceeds to invest in real estate?

14:45 I formed a business in Wyoming for anonymity. I look forward to flipping houses after I save enough from wholesaling. I have yet to get an EIN because I am not sure how I should be taxed. Please advise for a beginner university student. Thank you and I am grateful for all of your videos!

20:13 We are partnering with a friend to run an Airbnb business. We will buy the property and our friend will manage the Airbnb business. Does this qualify us as professional investors?

26:32 What’s the best way to avoid taxes when getting income from forex trading?

30:12 Can I get a hard money loan with no collateral?

35:06 I bought a real estate course in April 2022 and then started my LLC in May 2022. Can I write-off-the cost of the course as a business expense on my taxes?

48:18 A syndication investment was sold in December. Because the Sch K-1 wasn't marked "Final" (some capital was held back), my CPA says passive losses can't be used to offset the capital gains. Is he correct?

51:44 I have heard you speak about revocable trusts. Can you tell us the difference between a revocable trust and an irrevocable complex trust? I know you have said that with an irrevocable you don't own anything but wouldn't you want that so you can't get sued?

1:02:00 I have a non-profit mentoring business that I often fund with my personal finances. Is there any way that I can write this money off on my taxes?

1:07:12 Outro
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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.

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