Thomas Youngman
Property Investment in Portugal
19 January 2025 | 269 replies
Apparently the scope of activities / investments that had this "bonus" increased.Perhaps it will be of interest to you: - Title "RESIDENTES NÃO-HABITUAIS Desconto no IRS alargado a pilotos, trabalhadores do turismo, construção e agricultura" - https://leitor.expresso.pt/semanario/semanario2436...Regards, Rui
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
@Mike Levene First note, I agree with others saying cash flow is a bonus, though it depends on what stage of investing you're in.
Michael Hayes
CPAs Memphis area
12 December 2024 | 7 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
BIG bonus is you snag something with Timber that will grow and you can do a selective harvest 20 years from now the Timber could end up paying for the building of the home.
Nathan M kiefer
400k bonus - tax mitigation
26 November 2024 | 13 replies
Other than reduced bonus depreciation (if you're using that strategy), without any tax law changes, rates will be largely the same for 2025 as 2024, so you may not lose much by delaying receipt of the bonus by a month or two.
Annie Anson
How to meet material participation hours for out of state investors
17 January 2025 | 21 replies
It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.
Caleb Johnson
Hard Money Lending Questions
20 December 2024 | 14 replies
NMLS registration is a bonus because you can look them up on the federal registery to make sure they are real..
Melanie Baldridge
Power of Bonus Dep.
26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
Jonathan Abrado
Pace Morby Gator Method Course Review
7 January 2025 | 150 replies
I actually had a meeting with Prime Corp Services and they offered the same Corporate Credit Coaching for the same exact price as Pace's Gator Method Training program Bonus #4."