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17 May 2024 | 11 replies
Second, many of the strategies are particular to my situation, like a cost segregation study.
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16 May 2024 | 4 replies
Certainly appliances and fixtures and as far as I understand, other improvements. 7) Regarding a cost segregation study, given my property purchase of 2021 and in-service date of 2022, am I correct in thinking I could still have a study done and use 100% bonus depreciation for 2022?
16 May 2024 | 1 reply
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.
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15 May 2024 | 3 replies
This classic book is a great starting point for anyone interested in building wealth through property investment.
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16 May 2024 | 1 reply
Spent the past 4yrs reading, studying and listening to podcast on realestate investing.
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16 May 2024 | 25 replies
Yes, you can do a cost segregation study in a year after the property is placed into service.However, you will need to file a form 3115 which basically says you screwed up the depreciation in the past and as a result recalculating the depreciation.
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16 May 2024 | 22 replies
Vacation homes take some planning, I personally think shooting for break even profit/loss with a vacation home is a good tax strategy but if it is a cash cow I would gladly just pay the tax as you still come out significantly ahead and if you have one I probably wouldn't bother with a cost seg study unless you are getting extremely high rents.
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16 May 2024 | 5 replies
Almost all builders can do the development work for you, but that's a unknown cost and nobody can give you an accurate quote without studying the site.