Message Font: Serif | Sans-Serif
No. of Recommendations: 11
My question is: how should I structure things to make my tax liability as low as possible?

I have an earlier question which needs to be answered not to my satisfaction, but to yours. Is rental real estate halfway across the country the best place to invest this money? From the tax angle alone you have MN income tax to pay even though you don't have to pay WA income tax on the profit. The profit is going to be somewhat less than it could be since you'll require professional managment assistance. Add in the occasional vacancy, etc., and I'd strongly urge you to run some numbers rather than automatically assuming you'll keep the properties.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.