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17 October 2024 | 3 replies
If that date has already passed, and the buyer has not closed, you should be free to pursue other offers.You only feel "bullied" and "held hostage" because you don't currently have other buyers.
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16 October 2024 | 2 replies
Hi all, I have an office in a building where it will go on sale once the owner passes.
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21 October 2024 | 13 replies
For instance, I was looking at a property for STR in a town in VT and the realtor explained the town passed an ordinance preventing repetitive short term rentals of properties because of partying and noise violations.
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17 October 2024 | 3 replies
Most importantly having the 5 separate tax ID’s will give you the flexibility to sell the units individually in the future or perhaps it becomes a potential exit strategy you pass along to the next buyer.
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16 October 2024 | 10 replies
When using a Roth IRA, your Roth IRA is a tax-exempt entity, therefore, any depreciation deductions that pass through the LLC, can't be used on your personal tax return.
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15 October 2024 | 7 replies
If they pass they can view and submit an application.
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16 October 2024 | 1 reply
What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.
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16 October 2024 | 1 reply
Whether I talk to them or not, I document with a written warning and give them X days to clean up and pass another inspection.
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15 October 2024 | 6 replies
Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders.
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15 October 2024 | 8 replies
ESTATE SALESWhen someone passes, their family often ends up with the home.