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11 October 2024 | 14 replies
Psychologically, we're more in distress with losses than we are in euphoria with gains.
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9 October 2024 | 21 replies
As such I am able, over time, to generate a higher ROI, but with some absorption of losses along the way.
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8 October 2024 | 11 replies
In a nutshell, can I offset my gain in box10 with loss from box2 and other passive activity losses (eg.
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4 October 2024 | 8 replies
The loss is very big for those family.
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10 October 2024 | 2 replies
The real loss in in opportunity cost from what I could have found.Have others had similar experiences with buyer’s agency vs. dual agency?
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
8 October 2024 | 14 replies
I/'m still trying to recover my money.
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8 October 2024 | 4 replies
W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR).AnswerThere are a few ways, but the most common for real estate investors is to own a rental that 1.) meets the IRS requirements to be considered an STR and 2.) fulfill the material participation requirements (this doesn't require Real Estate Professional Status or REPS).
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8 October 2024 | 4 replies
I will post my story on here... it resulted in a more than 8000 loss... and water bills which were not paid, and which Northpoint was supposed to assist in transfering to tenant's name.
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8 October 2024 | 0 replies
Tourism Recovery and Short-Term Rental RegulationTourism Demand: If tourism in your area is recovering, there might be a shift in short-term rental demand, which can create competition for mid-term rentals.