
8 October 2024 | 1 reply
This means the portion of the gain from that time is not eligible for the exclusion and will be taxed.

11 October 2024 | 13 replies
Most of them have appreciated by over 35% in the last four years, providing us with solid equity gains.

9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

8 October 2024 | 11 replies
KowalIf this is true a sound strategy is to get bonus depreciation to get as much loss as possible (which gets to reduce my pension income) and as much sec1231 gain (which becomes cap gain)

11 October 2024 | 11 replies
Yes Grayson,Cashflow is hard to come by now.You shouldn't be looking at real estate to get rich tomorrow or gain massive amounts of capital now.But as you own the property for years the rents will increase, the asset price will rise, and your loan balance will go down.

9 October 2024 | 12 replies
Plus reducing capital gains

9 October 2024 | 14 replies
I also listen to broadcasts and I am really impressed by Brian Burke and Andrew Cushmen that stop buying in the last three years and sell most of the property to realize gain before collapse.
10 October 2024 | 0 replies
In some cases, gross income can include recurring capital gains or unrealized income, winnings from a day of gambling, rental income, and sometimes even interest earned on retirement accounts.

8 October 2024 | 36 replies
You do this to not gain anonymity solely, but for liability.

10 October 2024 | 23 replies
., capital gains).