- Are you providing substantial services?

Whether or not the city would follow-up on that is an open question.However, if the work is substantially done by a contractor under the owner-builder permit, the restriction does not apply.Also, some cities will try to tell you that you can't pull certain permits as owner-builder, but it is written into the FL statues.

However, your spouse could potentially qualify if they manage your properties or undertakes substantial renovation projects, allowing for more aggressive tax strategies such as accelerating depreciation.Another way to get passive losses is through Cost Segregation.

As I've peeled back the layers through data-driven insights on more homes, the opportunities for substantial returns are clear.Thanks for reading - Follow me for more posts like this or join my newsletter for deeper dives all across the US.

I saw website traffic go up substantially.

But, since I’ve seen substantial changes in the 46 years since I first obtained my broker’s license, I’ll give it a go….some predictions1.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

What would best help limit the taxes paid between us on the sale of the home if we are able to make substantial profit?

As with any legislation and regulation, there will be give and take as we balance all the issues but hopefully we see this slate of bills scrapped or substantially reworked.