What purpose would this serve? It's been years since I did taxes professionally, but I believe once you have active income, you will have to pay both employer and employee side of FICA taxes, which is quite a bit.
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I'll have to look into the employer side of FICA, not sure. It's. 15.3%
There is a tax angle here. If your income is low but don't have earned income you don't qualify for EIC, property tax rebates (varies by state) and other benefits.
I had a single dad friend who made a critical mistake. He works part time and takes care of his kids. Income is low and he usually qualifies for a bunch of benefits totally nearly $10K a year. One year he sold some of his stock and took capital gains of about $5K. Come tax time he lost most of his benefits. He would have been better of giving the stock away!
Yes, we are a HH of 5 and make the low-med income that allows us to get the free money. For those wondering; a HH of 5 can make between ~$12k-50k( haven't looked in a while so not exactly sure the numbers), pay nothing but payroll(which is 7% and change) AND get a huge check from the government, we will get $6k in about 6 weeks after I file. The one caveat is if your passive income is over 3300 you get nothing. $3299=$6k from government , 3301=nada.
Right now we have one place and after all the deductions we get adjusted passive income of ~$2000. So we have some room for one more if I can keep our passive down somehow. I could pay hoa fees earlier but that would only work for a year or two.
Since someone will bring up "how will I FIRE and do this" well because Roth accounts are amazing and I want to use it as an inheritance/life insurance tool I plan to keep working PT to continue maxing it out anyways. So I would prefer two units and working PT.
Just trying to figure out a FIRE plan and $6k makes things a lot easier. Obviously if I have 4-5 units this hack gets really difficult if not impossible.