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16 September 2020 | 6 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
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29 April 2019 | 2 replies
I'm not often the smartest guy in the room but I attribute the successes in my career and life to my relentless work ethic, obsession with learning, and passion to help others.
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16 July 2019 | 1 reply
You guys know what an investor wants from a contractor so I wont go into those basic attributes.
13 May 2020 | 11 replies
Any gain attributable to non-qualified use prior to 2009 doesn't count.
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4 May 2021 | 18 replies
I attribute that to the operator not the market or property.
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9 May 2021 | 6 replies
There was a Tax Court Summary Opinion a few years back (Nielsen) where the Tax Court sided with the IRS who wanted to use the county assessor's allocation, while the taxpayer depended on alternative methods I described above.Also keep in mind that because you're living in one of the units, you can't depreciate the entire property for rental income / loss purposes -- only the amount attributable to the portions you're renting out.As for the points, again, you must allocate between the points allocable to your residence portion of the property and the rental portion of the property.
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10 November 2020 | 19 replies
You should double-check the laws and ordinances for your area.I operate in Georgia and our Lease Agreement makes it crystal clear that appliances, such as a refrigerator, are provided as a convenience to the resident, but that no portion of the rent is attributable to them.So, no, we would not spend money repairing/replacing an ice maker.We might consider crediting some portion of the repair cost toward the resident's future rent if they paid for the repair themselves (using one of our preferred and approved contractors, of course.)
11 November 2020 | 10 replies
It's what I did and I attribute that more than anything else to being able to grow to nearly 100 units over the past 5 years
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10 November 2020 | 0 replies
A record-breaking number of new jobs attributable to corporate relocations and expansions have been announced in Austin this year, even during the Covid-19 pandemic.That's according to a tally from Opportunity Austin — the economic development initiative of the Greater Austin Chamber of Commerce — indicating 35 companies have announced in 2020 plans to create roughly 9,790 jobs across the metro.
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16 November 2020 | 5 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.