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29 October 2024 | 12 replies
.#1) If I have capital gains from stock dividends and interest income (high yield saving accounts, etc) are those offset by my PALs.
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31 October 2024 | 8 replies
Quote from @Tyler Tomas: Keep in mind your equity is not a savings account from which you can withdraw for free.
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29 October 2024 | 9 replies
Net income would be the Host Payout of $541.26.But your true net is what's left over after deducting all expenses not accounted for in this calculation, such as utilities, internet, consumables, etc.
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28 October 2024 | 12 replies
Should I have the funds come out of my LLCs account for payment or is it fine paying the down payment out of my personal account then once the property is paid for, transfer the Deed to the LLC.
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31 October 2024 | 9 replies
Quote from @Alonzo Moreland: Everyone is stating it, but the lease should be ended as fast as you can, and make sure that you hold them accountable for the water/payments.
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28 October 2024 | 4 replies
Seems odd that only your account would be hacked and not more clients of Hemlane...
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29 October 2024 | 4 replies
(however it may not show up on Street Easy directly - for which you would have to have your own StreetEasy account).
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28 October 2024 | 3 replies
My situation: I graduated college in May 2024 and started a FT position at a public accounting firm in September.
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28 October 2024 | 8 replies
Hire an accountant who specializes in real estate taxation to handle your taxes.
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29 October 2024 | 0 replies
Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.