Regarding Social Securities, two questions: 1. My understanding is that S-Corp will owe Social Security taxes on the employer side as well, even if you already maxed out with other W-2 job on the employee side. Do you have any hack for this? Even paying yourself in December, after being max out with the other job does not help. This is actually a huge downside for S-Corp as the overpayment is lost. 2. Did you see any payroll provider who accept to not pay Social Security on the employee side? This sounds like a must have to overpay and then ask for a refund. Any thoughts?

@Ryan Bakke, CPA They don't even have to wait 4 days. The hack I use on Fidelity is to have the money cash settled in a Brokerage account (so yes here few days to settle from external account), then Brokerage account > traditional IRA (non-deductible) > Roth IRA -- the same hour.

Thank you Ryan for the very helpful event. Could you please add Brennan's spreadsheet into the recording page? I will join the encore today, I was wondering if you could talk about the trade off between PTET and QBI deduction benefits depending on salary thresholds.

I have a specific question regarding the -9 grouping election for Limited Partners. Context: - Filing: Married Filing Jointly (personal return) + S-Corp return for spouse's business - Income: I have W-2 income. Spouse is a full-time Real Estate Professional (Agent/Broker via an S-Corp, >750 documented hours, >50% total work time). - Investments: We are Limited Partners (LPs) in several syndications (1 hotel fund, 2 ground-up projects). We receive Schedule K-1s that we claim in our personal tax return. - Participation: We advise sponsors on strategy, operations, and financials, but we do not hold General Partner (GP) in the operating agreements. The sponsors can provide documentation verifying our logged hours. - No STRs: We do not own any Short-Term Rentals (average stay ≤ 7 days). Goal: make the §1.469-9(g) grouping election to treat all rental interests (the syndications) and spouse’s work as a single activity. The objective is to utilize my spouse's REP status to recharacterize these LP losses as non-passive, offsetting our joint W-2 and S-Corp income. Questions: 1. Is this position defensible? Can Limited Partner interests actually be grouped this way? Does LP status make proving material participation impossible, even with the grouping election and documented hours? 2. Do we need to be GPs? To make these losses non-passive, do we strictly need a General Partner role, or is our documented advisory time enough? 3. Is an STR necessary? Given that my spouse already qualifies as a REP, can we skip the typical "buy a Short-Term Rental" strategy and rely solely on syndications + grouping? 4. If we cannot offset my W-2 income, could we at least use these grouped K-1 losses to offset the active income generated by my spouse's real estate S-Corp? Thank you!

@Ryan Bakke, CPA December is very good timing, looking forward to it!

@Ahmed Owian It's like a Solo 401k on steroids for larger tax-deductible contributions. The major challenge I have is to find a provider which is not too costly and compliant, I don't think we can pause it once we start.

@Ryan Bakke, CPA thank you, even without any short term rentals and just real estate syndications?

@Ryan Bakke, CPA My understanding was the following: There is no special IRS pre-printed “form” (like a numbered Form XYZ) for this election. Instead, I must attach a statement to my filed income tax return. The statement should state that I am making the election under Treas. Reg. §1.469-9(g) to group my real-estate activities into a single activity. the sample text discussed: “I elect under Treas. Reg. §1.469-9(g) to treat all of my interests in rental real-estate activities as a single rental real-estate activity for tax year 2025." Does that sound right? I am also not sure if it only works for rental only or both ground-up / rehab real estate syndication projects