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13 October 2024 | 11 replies
Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.
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14 October 2024 | 37 replies
Many syndications provide tax benefits such as depreciation, which can offset income, and some offer favorable capital gains tax treatment when you sell.Municipal bonds are another tax-efficient way to diversify, as the interest earned is generally tax-free at the federal level, and sometimes state level too, depending on where you live.
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8 October 2024 | 4 replies
However, the exact treatment may depend on your accounting method (cash vs. accrual basis), but most individual taxpayers use the cash method, meaning they typically report expenses when paid.
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8 October 2024 | 11 replies
Consult a CPA who knows what he is doing and file this: Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP.
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9 October 2024 | 312 replies
In your cure for cancer scenario, the investment sales guy, you know…the guy implementing the scam is obviously to blame.
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8 October 2024 | 23 replies
A Recovery Residence that claims to offer services should be classified as a Residential Treatment Center-which includes staff and usually medical personnel.
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4 October 2024 | 3 replies
Bill the tenant for the damage and flea treatment.4.
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1 October 2024 | 15 replies
This is separate from the tax treatment of the insurance proceeds.Your CPA's suggestion of not doing a partial disposition and instead offsetting the insurance proceeds with the cost of the new roof might be less favorable in terms of tax planning.
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30 September 2024 | 11 replies
I thought If the 10-year holding period is satisfied, all appreciation in the QOF, including any depreciation recapture, is eligible for tax-free treatment.
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27 September 2024 | 6 replies
.- Mobile has the only cancer research center along the upper gulf coast providing a wide array of medical jobs to the area.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.