(Bonus points if you are from Canada too!)

We will see if/when bonus depreciation goes back to 100%. 

An uptick may be due to the decrease in bonus depreciation by 20% in the new year.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

. - Bonus Depreciation Recapture form the cost seg you did can be taxed at the marginal rate but this can be minimized the the asset is held for more than 4/5 years. - Capital Gains: Gains from appreciation remain taxed at the capital gains rate, not as ordinary income.

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 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.

We hypothesized that more people booked from a host with a face and name rather than a company logo, which likely helped with revenue too.Well-Timed Refunds: When mistakes inevitably happened, we limited exposure to bad reviews by issuing generous refunds right before guests checked out.

You agreed to the $7500 sellers credit which is generous, and they are ready to close.

TIAGlad to see you’re taking advantage of bonus depreciation.

I pay them a very nice bonus at the end of the year, so realistically it's probably more like $35/hr, so my labor cost for the job would be around $7,000.