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20 March 2024 | 24 replies
I e had people living in my basement in my third floor in my carriage house.
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19 March 2024 | 22 replies
You can also not deduct "sweat equity" on your Schedule E.
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19 March 2024 | 5 replies
NOL from a negative AGI would not be stuck on the property.However if you only had negative rental income from a schedule E then the answers would look more like this.How/ where do I utilize that prior loss?
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19 March 2024 | 0 replies
Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?
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19 March 2024 | 5 replies
Even if you live in a Home or one of the Units you can still set the address or other units up on your "Schedule E" and claim the standard deductions.To be totally compliant I would tell you to refinance and transition the property into an Investment property and close it in an LLC.
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19 March 2024 | 15 replies
I have just sent e-mails to both of them.
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19 March 2024 | 46 replies
Our PG&E bill is 102% higher this year than last!
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18 March 2024 | 2 replies
Quote from @James E Fraley Jr: Recommendations for property maintenance and general contractors in the central Ohio area?
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20 March 2024 | 193 replies
Again, what is your s-p-e-c-i-f-i-c reason for doing this?