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All Forum Posts by: Preet Sekhon

Preet Sekhon has started 0 posts and replied 3 times.

Post: STR Loophole possible buying in Dec 2024?

Preet Sekhon
Tax & Financial Services
Posted
  • Investor
  • San Francisco Bay Area
  • Posts 3
  • Votes 1

@Heidi Fischer


Post: STR Loophole possible buying in Dec 2024?

Preet Sekhon
Tax & Financial Services
Posted
  • Investor
  • San Francisco Bay Area
  • Posts 3
  • Votes 1

Just wanted to flag something potentially impactful for real estate investors: it looks like 100% bonus depreciation might be making a comeback next year. As many of you know, this could significantly change the investment landscape by allowing immediate expensing of eligible property costs.

Of course, the devil is in the details. We're waiting to see exactly how this reinstatement shakes out in terms of implementation and any potential limitations.

My advice? Hold tight for now and let's see what the final legislation looks like before making any big moves.

Any additional questions, feel free to reach out. 

Post: STR Loophole possible buying in Dec 2024?

Preet Sekhon
Tax & Financial Services
Posted
  • Investor
  • San Francisco Bay Area
  • Posts 3
  • Votes 1
Quote from @Heidi Fischer:

Also-since I have already invested hours in research-can this count toward my 100 hours? Likely I’m sure it’s not until the home is placed “in service”, however there is cumbersome paper work plus an inspection from city of LV. Would any hours count after purchase? Thanks everyone!


 No research doesn't count. It's only the actual operations of the property.