Search found 2 matches

by Dr Okos
Mon Jun 08, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: CPA with rental property experience in NC
Replies: 2
Views: 344

Re: CPA with rental property experience in NC

Yes, I have a great one. I will DM you.

He saved me on a similar situation, he went line by line on my old tax returns and found errors in the depreciation schedule of a rental property. The savings he found will cover his cost for many years.
by Dr Okos
Sat Jun 06, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: DAF -> 501(c)(3) -> Scholarship
Replies: 33
Views: 2105

Re: DAF -> 501(c)(3) -> Scholarship

I don't think there is a need for the DAF, and it seems to unnecessarily handcuff you. You can donate directly to your 501(c)(3) and receive the same tax benefits. The 501(c)(3) can then invest the money in the same manner your DAF would have. The only downside I see is that the 501(c)(3) will have a requirement to distribute X% of its assets annually in grants (I believe ~5%) which may be more than you wanted. However, you can just keep some of the money invested outside of the foundation and slowly donate it over time. Since you are donating the appreciated stock, you are not paying taxes on the investment gains anyways. If anything you are increasing your tax benefit because it will be a larger deduction (assuming it continues to appreci...