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19 October 2024 | 30 replies
I use a very usefull method to determine if I would invest in an area .
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17 October 2024 | 21 replies
They have all the plumbing and electrical built into a centerpiece.
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18 October 2024 | 11 replies
Use the enemy method and see what they are doing.
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15 October 2024 | 14 replies
I would probably choose to do the electrical plumbing first.
17 October 2024 | 15 replies
In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.
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16 October 2024 | 10 replies
The house is about 70% complete but still needs electrical, plumbing, and AC brought up to code and the finish out to be completed.
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16 October 2024 | 11 replies
I have redone the foundation, all new electric, all new plumbing (PVC to the street), all new kitchen, added a bath, new flooring, all new windows/doors, updated all insulated while walls were open for electrical, new furnace/AC, new siding.
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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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15 October 2024 | 10 replies
So I’m in a bit of a bind, I have a duplex I’m house hacking we remodeled entire thing, new hvac, electric panels, electric main, updated plumbing, water heaters, furnace, install central air, roof.
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15 October 2024 | 3 replies
What methods are you finding most effective, or what are you hoping to try?