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Results (7,496+)
Chris Sullens Are all costs prior to placing a tenant considered purchase cost?
10 August 2023 | 43 replies
If you don't agree with the guidance I cited, may be you can look at this federal register that says the additional cost that can be elected under de minimis is the work performed before placing the property in service.https://www.federalregister.gov/documents/2013/09/19/2013-21756/guidance-regarding-deduction-and-capitalization-of-expenditures-related-to-tangible-property“The final regulations adopt the commenters' suggestions, in part, and clarify the treatment under the de minimis safe harbor of transaction costs and other additional costs of acquiring and producing property subject to the safe harbor…….The final regulations also clarify that additional costs consist of the transaction costs (that is, the facilitative costs under § 1.263(a)-2(f)) of acquiring or producing the property and the costs under § 1.263(a)-2(d) for work performed prior to the date that the unit of tangible property is placed in service.”It says additional cost includes work performed prior to the date that the unit of tangible property is placed in service.
Brett Sorenson Purchasing a home to grow old in....
13 June 2017 | 5 replies
The Met Coucil is not going to allow expansion of the metro due to high infrastructure costs (water treatment, sewers, roads).  
Tracey Smythe Adding drawer to existing cabinet
1 August 2017 | 4 replies
I have looked online until my fingers are sore
Caleb Heimsoth fair price for a CPA?
31 May 2017 | 8 replies
Find out his go-to tax treatment for home office qualification for a landlord. 
Justin Garrett Sold in 4 days! But now what???
20 April 2017 | 7 replies
If you just moved out of the property, listed it and insulted, you would not qualify for 1031 Exchange treatment.
Weikang Chen LLC tax as Disregarded Entity
19 April 2017 | 3 replies
(Unless you specifically request a different tax treatment.)Yes, you can deduct the business expenses this way.The pros and cons of the different entity types can be a really long discussion.
Lakshay G. Eviction Process
29 January 2014 | 7 replies
The attorney's get to have all of their cases heard first, but I don't think they get any expedited treatment aside from not having to sit and wait for an extra 30-60 minutes to go before the judge.If you own rental property, you will experience all kinds of negative situations (evictions, lost rent, fires, stolen AC coils, etc.).
Cal C. Monthly pest control treatment equals monthly rental inspection
16 June 2014 | 2 replies

I was interviewing a new PM for some properties in another part of GA.  He mentioned that he pays a one woman pest control company $30 bucks a month to go in and spray all of the rentals he manages.  Of course she con...

Brian Mathews What do we gain by managing our own rental properties?
28 February 2015 | 62 replies
MAYBE you care MORE for the Family Car, but which car is getting the better treatment?
Joshua Dorkin NEW: BP Profile Pic Sideways or Upside Down? Rotate it!
23 July 2013 | 2 replies
Nice Joshua Dorkin, that will help ease my sore neck!