13:19 I just bought a lake cabin in Wisconsin where we will be renting it out as a VRBO as much as possible but also using it personally for our family. Will I need to create a new LLC to hold the cabin in and how much of it can I write off given we're unsure how much it will be rented out, especially this first year?

0:00 Intro

5:07 I rent my personal residence and my home office is my primary place of business for my S Corp. Am I a good candidate to take advantage of the Section 280A deduction, or does the fact pattern disqualify me?

9:17 Is it possible to minimize taxes by selling the C-Corp which holds the property via a 1031 exchange and then form an LLC to buy the replacement property?

17:03 My husband and I are on Medicare but have businesses. Are we too old to set up and contribute to an HSA?

18:40 If you set up a Holding Company as an S Corporation do you have to pay yourself a salary even though you are not actively running the business. If so, when do you have to start?

21:53 When completing the purchase of a lease option how is the basis determined? If the property will be split and partially sold how would you recommend it be held?

27:49 I receive income from two rental properties, one a single-family house, another from a studio at my residence. Would my income from these qualify for the IRS QBI 20% deduction?

35:35 Are Capital Gains from stock trades inside an IRA taxable at the end of the year?

44:07 Is there any limit on how long a person should keep tax records?

58:47 We are moving from Washington (a community property state) to Utah (which is not a community property state). Do we need to change our LLCs (in AK and WY) to single member entities in order to keep them disregarded?

54:22 How long do you have to keep your primary house a rental in order to 1031 exchange it into something else instead of selling it and paying capital gains on the excess of $250k since I’m single?

1:02:00 Outro
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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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