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Results (2,585+)
Ryan Lamanna Buys hosue to get depreciation and remodel in following year
18 January 2024 | 3 replies
To leverage this benefit, prospective property owners must engage in short-term rentals and provide substantial services to guests, such as daily cleaning, meal provisions, or transportation services.Additionally, navigating a material participation test becomes crucial.
Account Closed A Tax Deduction Extravaganza for Jet-Setting Investors!
16 January 2024 | 0 replies
Once you own a property, subsequent travel for acquisitions becomes tax-deductible.Deductible Travel ExpensesTransportationAirfare, train, bus, and car expensesTravel to and from the airport and lodging to business locationsLodgingOvernight stays required for sleep or restOther Expenses50% tax deduction for meals outside your tax homeDry cleaning, phone, tips, and other necessary business travel expensesNoteEntertainment is no longer tax-deductible under The Tax Cuts and Jobs Act.Mixing Personal and Business TravelWhen combining personal and business travel, some expenses may still be deductible if the trip is primarily for business.
Kaylea Blackburn Bonus Depreciation with primary residence/room rentals
3 January 2024 | 9 replies
The key is providing "substantial personal services similar to hotels" - i.e. daily maid services, meals etc.
Levi Dobson South Seattle STR
28 January 2023 | 14 replies
People need to cook meals.
Cameron Riley Do you Ever Feel “ Landlords guilt “ Evicting Someone?
18 June 2023 | 152 replies
She kept saying that she would pay the balance off piece meal which she did but it just wasn't enough. 
Ken Weiner Been sued? Please share.
8 October 2018 | 91 replies
Generally, I'm finding that feedback to these "LLC" questions (which have been posted on several forums) leaves BP members needing to piece-meal together an asset protection framework that lacks enough clarity from a legal person such as yourself. 
Eric Niezgoda Northern Michigan Contacts
6 January 2022 | 25 replies
I am actually a member of the group and I am planning on attending the December Christmas meal.
Renardon Calhoun 1 house on 2 lots
28 June 2015 | 2 replies
Which will perform and be a lot healthier that the average house.
Oscar Moreno How Much do you pay a contractor
17 July 2019 | 40 replies
Don't lump the whole job into one thing, but also don't piece meal the job.
Binny Mundra Books on how to buy businesses
18 August 2019 | 5 replies
- Key employee background- Employee turnover rate- Age and repair history of equipment if the company owns any- Any known CAPEX needed in the near future-Line items that can be added back such as owner draws or personal expenses (travel/meals/entertainment/etc.)Thank you!