
13 March 2018 | 6 replies
You and your other investors can avoid the 1065 filing requirement and just split income and expenses on your schedule E(s) for your individual return(s).You may have very good reasons for forming a partnership.

9 March 2018 | 4 replies
@Charlotte E. two things on this: Yes, a VA loan would have a problem with this property and the condition of the bathroom.

10 March 2018 | 24 replies
Originally posted by @Ryan E.

12 March 2018 | 8 replies
Assuming this is just a plain vanilla rental, it should not be subject to self-employment tax, and it belongs on Schedule E, not Schedule C, where it sounds like your tax software is currently putting it.

11 March 2018 | 6 replies
If there is a way for me to upload my calculator (pictured above) I will, or I can e-mail it to anyone who asks.

22 March 2020 | 33 replies
., there was a technical error, and the section of the tax code describing 15-year property (Section 168(e)(3)(E)) was in fact not amended to include qualified improvement property.So for now, strictly-speaking, in 2018, qualified improvement property is regular old 39-year property that is not eligible for bonus depreciation.We do expect that a technical correction to the law will be made, but for now the IRS has actually stated that it cannot guarantee that absent legislative correction it will accept the legislatively intended change in recovery period and bonus eligibility.Anyway, this is neither here nor there since you have stated you are a landlord of residential rental property rather than non-residential real estate.And this does not affect the application of 100% bonus depreciation to both qualifying new and used property place in service after 9/27/17 and before 1/1/23 that @Yonah Weiss pointed out.

14 March 2018 | 2 replies
Especially for E 83th St, how the overall safety in this area?

14 March 2018 | 4 replies
The zoning may be industrial but land use and other factors will determine whether you can build an additional dwelling, whether that is a house, garage apartment, w/e.