
15 April 2020 | 5 replies
I did use bonus depreciation for the cost of furniture, but I lumped the property improvements (mainly new hvac, water heater, windows) in with the building and depreciated all of it under the standard 27.5 years period, since I didn't "need" additional depreciation benefits for 2019.

15 April 2020 | 3 replies
Now, if there were some grey areas where you made a decision to write something off immediately as opposed to depreciate it, such as through the De Minimus Safe Harbor, or you chose Bonus Depreciation instead of choosing to depreciate it over its useful life, that's one thing.This is probably the sixth time in the last 2 weeks I've heard "my mortgage broker suggests I show income of $60,000 this year" or "my mortgage broker wants to know if you can move this from Schedule E to Schedule C" and any other number of complete bull-oney that makes me wonder what the heck these brokers think they are doing.

16 April 2020 | 2 replies
If so, it seems like the only benefit is the change in depreciation bonus rules from 50% to 100% - if PALs haven't changed.Now, I need to go figure out where I would see about bonus depreciation in my last 2 tax forms, and see if I need to amend them.

15 April 2020 | 2 replies
This Victorian-style house came as an added bonus to a triplex I purchased.

26 March 2020 | 13 replies
Some ideas include a gym membership or gym equipment usage, or a monthly cleaning service (bonus to you too – at least you know the place will be cleaned!).

25 March 2020 | 11 replies
Given the current scenario (he works in banking), he is bracing for the possibility of a reduced income up to 50% reduction(lack of bonuses or possible job transfer pay cut etc.

26 March 2020 | 1 reply
My wife is putting bonuses which come in often into the account as well.Yes I have read the books on finding investors.

24 March 2020 | 0 replies
Purchase price: $185,000 143 Seymour Avenue.2 Family with bonus- ( Newark, NJ )8beds 3baths (Unit1- 3/1, Unit2- 3/1, Bonus kitchen and bath in Attic 2/1)ARV= $360,000Repair Cost= $60,000Asking $185,000

11 September 2020 | 328 replies
It may not be the moment of the raise or the bonus, but the statistics show that it has occurred for decades in coastal So Cal.

25 March 2020 | 2 replies
I've done almost all bank bonuses & credit card bonuses available.inflation risk is one that could hit me.