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15 May 2024 | 3 replies
The problem is taking them collectively results in new problems for our lot...the three solutions work when you look at just one of our shared lines, but when you look at all three the math falls apart...my surveyor will have to take their collective work, his new field investigation and then apply his own good theories, and hopefully our property is the missing piece in the puzzle for how to resolve this.I share that because those three surveyors are all names I or my boss know, and do good work.
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16 May 2024 | 158 replies
So far they seem very interested in creating customized solutions to allow us to implement @Tom Wheelwright's strategies.
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16 May 2024 | 8 replies
Develop housing solutions that cater specifically to the needs of veterans.
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15 May 2024 | 13 replies
Because I would like to find a solution to keep it.
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14 May 2024 | 2 replies
Does anyone else have a better solution?
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15 May 2024 | 15 replies
@Eric Blair easy solution.
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14 May 2024 | 10 replies
You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).
14 May 2024 | 1 reply
HMLs are a crucial short-term solution for properties needing significant repairs, and for investors not wanting all the red tape that comes with traditional products.
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15 May 2024 | 20 replies
Bridge financing(interest only):For construction loans, you could do a bridge solution to help you buy the land and do the vertical construction(get the land surface engineered and developed for putting up the apartment buildings) and then horizontal- downpayment will vary.
14 May 2024 | 22 replies
There is a solution for Canadians, from NCH out of Nevada to use a regular corporation to hold limited partnerships.