Steven Hsu
CPA in Dallas, TX
3 January 2025 | 5 replies
@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Bruce Reeves
Sell rental now?
4 January 2025 | 5 replies
Assume break even cash flow while rented which includes a generous $600/mo repair fund.
Joseph Hossenlopp
Minoan to furnish rental properties
15 January 2025 | 23 replies
I believe that's their primary business model.Seems like this would be a great bonus!
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Window AC units can indeed be treated as tangible personal property with a 5-yr life and be bonus-depreciated or deducted under Section 179.
Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Here’s an example of bonus depreciation.WHAT IS THE COST OF A COST SEGREGATION STUDY?
Sean Doyle
Best Section 8 Markets
9 January 2025 | 30 replies
Despite having generous incomes, some of them are utterly irresponsible with the property and leave a disaster behind when they move.
Dahrian Barrett
What to give to Appraiser?
26 December 2024 | 2 replies
That's it, but a) print out a page for each property you think is comparable, b) make the list of repairs long and inclusive of everything you've done. c) Put larger items first like kitchen remodel......and don't just say 'kitchen remodel', list things like 'custom backsplash tile/Bosch appliances/recessed can lighting/pot filler/etc. d) Cite the price/value of the work done, and don't be afraid to be generous.
Alicia Howard
RV Depreciation for 2024 taxes
15 January 2025 | 5 replies
This also makes it eligible for bonus depreciation (60% in 2024) or Section 179 deductions if criteria are met.However, if the RV is permanently affixed to the campground site and functions as part of the real estate, it may fall under residential property classification and depreciate over 27.5 years.
David Morovitz
Sunrise Capital or Wellings Capital - MHP investment
30 December 2024 | 7 replies
It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play.