Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

*This post does not create a CPA-client relationship.

For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.

To maintain control and avoid being locked into larger deals, consider directly owning replacement properties or exploring a partial 1031 exchange while carefully structuring syndication investments.This post does not create a CPA-Client relationship.

I don't use Michael, but if I didn't have the CPA am using(long story), he would be the guy.

There may be tax implications to that maneuver, so check with a CPA.

I'm an investor and CPA. 

This approach can create a sustainable retirement income while preserving your retirement accounts for long-term growth.This post does not create a CPA-Client relationship.

Therefore, it is advisable for the client to consult with their CPA to receive personalized guidance tailored to their unique financial situation.

Our CPA told us that we would not be able to deduct interest from a HELOC if the funds were used for anything other than improving the property in which the equity is the source of the loan.