Jack Anderson
Questions on depreciation and showing material participation
16 May 2024 | 4 replies
@Jack Anderson -we are in an almost identical situation . . .
TJ Bardossas
Experienced Broker, 1st time investor
17 May 2024 | 8 replies
Verifying last 2 years of rental history very important!
Gurjot Grewal
Personal experiences in the “bad” neighbourhoods ?
17 May 2024 | 14 replies
I'm suggesting the opposite: go to neighborhoods the locals tell you are good to verify that they are good.
Bailey Keefer
Quick question for New Jersey landlords (identity registration forms)
13 May 2024 | 1 reply
I am filling out the landlord identity registration form required in NJ, and I am not living in the same county as the property.
Olu O.
Fire suppression systems in Philadelphia
16 May 2024 | 2 replies
Verify whether this is the case as you would first need to submit a utility plan.
Aubrey Ford
Loan contingency may have been fraudulently fulfilled
16 May 2024 | 2 replies
You should have verified that it was fixed prior to closing.
Nina Zou
Can I ask my applicants to disclose service dog if they have one?
16 May 2024 | 10 replies
You can ask for the papers verifying the service dog.
Sam Green
Self Storage
20 May 2024 | 121 replies
@Scott Kroneyes I verified the income, it is $9,795.00/mo to be exactI see a gauge of 1/3 in expenses, using that metric it's a 9 cap and I know multifamily in that area to be a 7 cap.
Jason Weng
Need good and responsive property manager
16 May 2024 | 6 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
16 May 2024 | 25 replies
Even with this carve out available, it does plainly state that a taxpayer does still have the option to go back and amend the prior year return - so both answers can be correct.I would have your CPA/EA review your situation and the related Revenue Procedure to verify you are under this section, which would allow filing of the 3115 instead of amending the prior year return.