
27 March 2024 | 11 replies
Some deductions allowed by the USA will not be allowed by another country.

27 March 2024 | 11 replies
Usually, there will be a clause that $150 will be deducted from the reno cost if you give them the job.

26 March 2024 | 34 replies
This would give you a $250,000 deduction.

27 March 2024 | 21 replies
I collected a bunch of MTR comps on furnished finder, ran the numbers, and found that for one my typical 1 br/1ba places, I'd get maybe an extra 15%, but only if I allowed pets (all the MTR comps I saw had noticeably higher rents if they allowed pets...I don't know if that was just a fluke, but it seemed pretty consistent). ...that extra 15% I found was after I deducted allowances for vacancy and the cost of furnishing the place (though, I'm not sure my vacancy estimates were accurate)...

26 March 2024 | 6 replies
This is out of an article that should help you get your research started: A taxpayer may not deduct losses sustained in the demolition of buildings and their structural components.

27 March 2024 | 4 replies
., i do not manage them, but all expenses and bills are paid by each property ( their own expenses, no commingling ) when i travel to them the trip is deductible from that properties llc.

26 March 2024 | 5 replies
If anyone has first hand experience and an example of how to use this deduction, that would be really helpful.

25 March 2024 | 6 replies
The preliminary report says we would be eligible for ~$390k in eligible deductions.

25 March 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

25 March 2024 | 5 replies
What if there is a storm and the roof needs to be replaced and someone needs to pay the deductible?