Single Person Making $50,000 in Rent Rolls will Pay $11,000 on 2022 Federal Taxes!
It doesn't matter if you make money with short term rentals or long-term rentals. Maybe you have single family home rentals, use the BRRRR strategy, Notes, Airbnb's, multi family or apartment buildings? Who doesn't want to save money easily?
There are 7 Levels of Tax Brackets between 10% and 37% on Rent Rolls for 2022 please look at the chart below! I am not a CPA.
I want to help people save money easily year after year the Beneficial Spendthrift Trust.
2022 INCOME TAX BRACKETS 2022
Tax Rate Single Filers Married Couples Filing Jointly
37% $539,900 $647,850
35% $215,950 $431,900
32% $170,050 $340,100
24% $89,075 $178,150
22% $41,775 $83,550
12% $10,275 $20,550
10% >$10,275 >$20,550
There are different kinds of Rent Rolls you can run through the Spendthrift Trust to save even more money!
- * Rent received over the tax year
- * Advanced payments of rent that you receive.
- * Fees from tenants (e.g. early termination fee, late fees, pet fees).
- * Any non-refundable security deposit that you keep.
- * Services in lieu of rent eg. if a tenant works on the property for a reduced rent amount.
Please, still take all expenses out exactly like you do with an LLC!
- * Advertising and marketing
- * HOA dues
- * Insurance
- * Leasing commissions
- * Licenses and permits
- * Materials and supplies
- * Mortgage interest
- * Professional fees such as legal and accounting
- * Property management fees
- * Property tax
- * Repairs and maintenance
- * Travel
- * Utilities
The Spendthrift Trusts are legal, patented, and backed by lawyers!
Both Trusts save Federal Taxes, keep your information 100% private, and keeps you from being sued!
The Business Trust is for 1099 Income.
The Beneficial Trust is for investors.
Capital Gains
Interest Income
Dividend Income
Rent Rolls
Royalties
My question for you is, do you think this is worth doing?
My website www.TheTrustisYou.com
and I go live every Monday 8 pm EST Q&A
