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17 February 2025 | 4 replies
There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!
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6 February 2025 | 28 replies
Sellers are notorious for not communicating any changes in their unit counts to avoid paying taxes.
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18 February 2025 | 3 replies
You can typically count 75% of the previous rental income (from the units you will not live in) toward your qualifying income.
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18 February 2025 | 1 reply
I am wondering if I can claim it as a repair(counting against rental income) or if it must be claimed as an asset (with depreciation benefits)?
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16 February 2025 | 4 replies
Of course we are the largest brokerage by agent count also.
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18 February 2025 | 12 replies
You can view their review counts to give you a rough idea on the bookings and note what their weekend/weekday pricing is to give you another form of comp.
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12 February 2025 | 2 replies
I recommend waiting until your unit count is higher.
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17 February 2025 | 7 replies
But @Garrett White and I are shifting our focus to larger unit count properties.
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16 February 2025 | 4 replies
Most voucher recipients only look at the bedroom count when making their inquiries.
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7 February 2025 | 0 replies
And how does the time the Airstream is just sitting in my driveway at my primary residence count?