Jamie Dupont
Rochester NY LTR Tenant 4K damages
31 October 2024 | 17 replies
If legal fees or eviction costs arise, they’re also deductible as ordinary and necessary expenses.Keep detailed records of every expense for accurate tax reporting!
Heidi Kenefick
1031 exchange and depreciation recapture?
28 October 2024 | 34 replies
The 1245 property (think personal property and bonus depreciation) is recaptured at ordinary tax rates though… so the new property must have an equal amount or more 1245 property.
Ronnice T.
Common Question Wednesday
24 October 2024 | 2 replies
I often had clients that didn't understand what it meant to be ordinary and necessary.
Isla Arshad
Property is Carpeted - Is not Allowing Pets Still Possible?
23 October 2024 | 13 replies
If the carpet is damaged beyond ordinary wear-and-tear, then you deduct from the deposit and charge anything remaining.
Audrey Scott
✨ Introducing The Property Alchemist! ✨
21 October 2024 | 7 replies
In the ever-evolving world of real estate, I’m here to transform the ordinary into the extraordinary.
Jose Ignacio Prieto
How to finance MF with 10% downpayment when property is fully leased
23 October 2024 | 10 replies
That is not out of the ordinary.
Edward R.
Building thats a National Historical Landmark in a National Historic District
19 October 2024 | 0 replies
I know in my tiny village three business owners recently received grants $100K (think they match) for outsideimprovements (windows, parking, roofing, patio) Must be nice; that's what I want!
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
He says he usually gets away with $100, with $500 to $1000 being a max he would deposit if it was an extra ordinary deal.