A garage conversion, however, may not be subject to the same level of scrutiny.Parking Considerations – Parking is becoming increasingly valuable, especially with the rise of high-density micro-units that often lack designated parking.

I have a furnishing and design team to help out if you’re not wanting to come down personally and I also co-host at a discounted rate for my clients.  

I feel like it's important to note that there's a section of tax law, Section 280A, that is specifically designed to prevent deducting expenses related to a personal dwelling.BTW, Section 280A is the chunk of tax law that creates the Augusta loophole, sets the rules for home offices, provides the formulas for deduction calculations for vacation properties.A generalization: If someone has a dwelling they use personally and also use for business, Section 280A basically limits the deductions to the actual true income received.P.S.

FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.

However, it’s also a requirement for properties with lower-level units that could be vulnerable to flooding, even if those properties are not located in a designated flood zone."

For projects with 150 or fewer units, the city has 60 days for eligibility review and 90 days for final approval, including design review.

My wife sells them and does the interior designs etc.

This exemption is designed to provide tax relief for family-owned businesses, so failing to meet the requirements can add an unexpected layer of tax liability.

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.