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1 November 2024 | 6 replies
My internet provider said that for $10.00/month additional, they can provide live streaming TV services (i.e.
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1 November 2024 | 4 replies
My target purchase price is no more than $410K, aiming for an ARV in the $530K to $570K range.I'm comfortable with small to medium-sized renovations that don't require major structural changes or additional square footage.
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1 November 2024 | 18 replies
It would throw up red flags to any future landlord, lender, or employer who cares to check.
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30 October 2024 | 5 replies
Currently, I invest through Betterment with a general investing plan and a Roth IRA, and I also contribute to my employers Roth 401k plan.
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1 November 2024 | 22 replies
Additionally, there's a limited exception for rental real estate activities in which you actively participate.
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30 October 2024 | 9 replies
Having a mortgage presents an additional hurdle.
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1 November 2024 | 3 replies
I guess, just like in residential, sometimes its easier and less expensive to just bulldoze and start new then trying to do an addition.
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1 November 2024 | 5 replies
Too complex and the need to bring additional financing in kills the value of the 1031.
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31 October 2024 | 3 replies
If you want to move it along, you could offer to waive that cost in exchange for being 100% gone by an agreed upon day/time or even offering some additional financial incentive.
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1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."