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30 January 2025 | 5 replies
This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically. 2) You may get an insurance assessment bill to cover the CA Fair Plan losses.
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26 February 2025 | 12 replies
You use the depreciation losses from Property B to offset the depreciation recapture & capital gains from the sale of Property A.
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15 February 2025 | 1 reply
Is your Adjusted Gross Income over $150k where you can't reduce your income with rental losses?
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29 January 2025 | 6 replies
I'd like to know because if they select them as they are entered into their database, right after filing, then there is another good reason to always extend and file on the last day.
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23 February 2025 | 246 replies
The last partial payment they made to me was in December of 2023.
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23 February 2025 | 42 replies
Being a flipper for the last 10 years (always part time), there is simply a mismatch here.
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31 January 2025 | 3 replies
The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.
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25 February 2025 | 6 replies
Loss of use applies when a covered loss/claim causes the dwelling to be uninhabitable.
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23 February 2025 | 84 replies
It makes no sense.I had the same scheduled call with Tom last week then got cancelled 1 hr before.
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12 February 2025 | 12 replies
you'll probably still need something long term like software as others have suggested but this was a thought i had... you could see the actual profit or loss from a tax perspective for each property.