A taxpayer can qualify for the real estate professional exce…

A taxpayer can qualify for the real estate professional exception to the passive loss limitation rules if they spend more than 750 hours per year on real estate activities and these activities constitute more than half of their total working hours for the year.

Allie funds her 401K with $[x1] (pre-tax) in 20×3. Allie exp…

Allie funds her 401K with $ (pre-tax) in 20×3. Allie expects her future ordinary tax rate to be 30% and her future LTCG tax rate to be 15%. Assume she can earn a 7% rate of return on her investments in the account. How much cash will Allie receive (after-tax) if she withdraws the entire investment in years when she is 63 years old? Round your final answer to the nearest whole dollar.