Capital gain tax - selling partnership

[AIdoc]

Should one diversify when it comes to OZ funds ? Can I place half of my STCG in one fund and the other half in a different fund ? Btw, I think forgiving...

[AIdoc]

Greetings, I am a partner in a partnership of several physicians. My partners want to sell our practice to an investment group. We will each get a check...

[AIdoc]

I made partner in a company. We receive benefits including 401k with employer match (both max at 19,500) and we receive profit sharing (max at around...

[AIdoc]

I'm a partner in a physician owned LLC. We each receive K1 instead of a W2/1099. Being "self employed" , can I deduct my car lease payments...

[AIdoc]

Thank you. I'd rather have everything in roth because I avoid all types of debt ( deferred taxes is like deferred debt to the government in my opinion...

[AIdoc]

I have a W2 job and Roth 401k with that : contributed 16200 in 2018. I have 1099 job , total net income (after expenses ) about 100K. I made solo 401k w...

[AIdoc]

I contributed 5500 to Roth IRA ( at TD) in 2017. When I was about to file my tax return for 2017, I learned that I over contributed to my Roth so I c...

[AIdoc]

I'm transitioning between jobs and I will be self employed ( only 1099 income) for at least 2-3 months in between. I have a lot of dental work to do to...

[AIdoc]

Thanks for the input but is there a real tax benefit from writing a gift (check) for tuition ? Is there a limit for that ?

[AIdoc]

My brother is about to get a loan for dental school for two years ( each year about 100k) ( this is kind of a pathway for foreign dental grads to get...

[AIdoc]

That's true. I did answer 1 for box 13 (having another dumb moment here, ugh)! I called IRS and they said I have to send a letter explaining that I don't...

[AIdoc]

I tried to get EIN to open a solo 401k with E Trade! Somehow, I messed up and put my start date of doing business was in 2016 ( when I started getting...

[AIdoc]

Thank you Johanna! As usual, you're very helpful!

[AIdoc]

I currently have Roth IRA that I recharacterized into Traditional IRA ( then used Backdoor Roth IRA). I also have Roth 403b from employer. I expect 1099...

[AIdoc]

I had some gains on my 5500 contribution from 2017, loss for 5500 contribution from 2018 but over all the account is at gain so I have a little more than...

[AIdoc]

Thank you. Actually I decided to transfer my R IRA to T IRA at Vanguard. It seems easier to deal with my IRA account there. I hope I won't mess it up...

[AIdoc]

I opened and contributed 5500 to Roth IRA in 2017 not expecting my income to go beyond the limit but fortunately it did. Now a month ago and before realizing...

[AIdoc]

I have a similar situation. I don't have any type of corporation though. 1099 income is a "moonlighting" income! Can I open a color 401k and contribute...

[AIdoc]

I have a w2 from my job but I did some moonlighting and earned 1099 income from 2017. I already have maxed out Roth403b retirement plan by my employer...

[AIdoc]

I did the same "mistake". According to turbo tax, I need to get rid of half of the contributed amount in 2017. Mind you I also have a full contribution...

[AIdoc]

Zaphod wrote: My wife almost makes that as a RN here, with a 7-3 schedule M/F. What specialty is this? Seems pretty bad. LA is super expensive, you’ll be living rough on tha...

[AIdoc]

so what should be done about these excessive collections that is fair ?

[AIdoc]

The practice is an allergy practice. Many allergists depends on allergy shots to generate income and inheriting that may make a difference. I'll have...

[AIdoc]

Greetings to you all. I got a job offer in LA area from a retired physician. He will be paying me a salary for two years while managing the business side...

[AIdoc]

Greetings to all, I'm currently interviewing for a new job. Although I applied to a couple of employed positions, I feel I value the financial security/independence...

[AIdoc]

I have a DI policy with Standard ( I pay 61$ monthly, 2000$ benefit). I got it in my 3rd year of residency. Now I'm in my 3rd year of fellowship and shopping...

[AIdoc]

Thank you all. I like the idea of spending a few years in high pay area then move to Cali. I am by no means interested in luxurious lifestyle. I'm single...

[AIdoc]

Greetings! I'm in my last year of fellowship Allergy/Immunology and I've been always "dreaming" of living in southern California ( I just like the sunny...