
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

6 November 2024 | 2 replies
., and a single-family detached garage, built in 1989.

5 November 2024 | 8 replies
A lot of cameras have the solar panel built in so optimum camera angle can also mean less than optimal solar panel alignment.

4 November 2024 | 2 replies
I'm sure I'm missing items, but in a word, yes, this would be useful.

7 November 2024 | 8 replies
Your question has some built-in assumptions. 100% financing by itself is not necessarily a good or bad thing.Many people pursue 100% financing because they don't have cash.

5 November 2024 | 7 replies
Hey @Andy Rousch, so we have a site saved over at Bluehost, but I haven't built it out.

1 November 2024 | 19 replies
We asked them to address 5 items that we saw as the most expensive and/or critical.

6 November 2024 | 9 replies
This is a community built for learning and growing in real estate, regardless of experience level.

5 November 2024 | 28 replies
If you set out to do the items I shared regularly you will actually cut down on liability and if a liability event occurs you will be far better prepared.

6 November 2024 | 7 replies
Its basically a tax that is over an above your property taxes and is used to pay back the developer that built out the infrastructure and amenities of the community.