Thanks for sharing such a video. Much needed. It was so convincing. Nice work.
@daveandaya4626
10 ай бұрын
Nice video lots nformation to learned about reducing taxes, thank you! Questions, can I both contribute in same tax year the Traditional Ira as W2 income, and then if I have business ( LLC as rental business ) a Sep Ira ? If so there is rules and limitations how much can I contribute? Thanks!
@mycpacoach
10 ай бұрын
You can contribute to your Traditional IRA as an individual, and to your SEP IRA as a business. Side note: you do not need a business (or W2) to contribute to a Traditional IRA.
@daveandaya4626
10 ай бұрын
Thank you to your responses! Is true that solo 401k is not applicable to residential rental properties? I have rental business under Llc entity.
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