You can pay your kids to do work on your properties and put the money
in IRA accounts for them.
This is especially a good idea if you=92ve already maxed out on your and
your spouse=92s IRA contribution for the year.
So if you=92re at a high tax bracket the end of the year, hire your kids
to landscape your rentals. You=92re better off avoiding the taxes on
your extra income, and the money will be safe in a tax free shelter.
It=92s a good way to help your kid prepare for their first property
purchase.
Check out Real Tax Tips at TReXGlobal.com to learn more about saving
time and money on properties and taxes.
Be sure to try Simplify'em, the FREE Property Management Software from
TReXGlobal.com. (http://www.trexglobal.com?
utm_source=3DV_G&utm_medium=3Dforum&utm_campaign=3DV_Gforum).
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