Melanie Baldridge
Understanding the IRS Section 179 Election
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."
Emilie Pa
Which professional to contact for transfer of property
29 October 2024 | 6 replies
Hi Emilie,For a transaction like this, it’s crucial to work with a CPA who specializes in international tax law.
Glen Michael
Survey's to your owners and tenants....
31 October 2024 | 2 replies
I know Property Meld has something built into their Maintenance dashboard where it asks for reviews after maintenance issues are handled and I think if they rate 4 or 5 starts they then ask for a google review and if it's 3 or below it stays internal and gets circulated around so the team can figure out what went wrong and improve on it.
Jin Zhang
Anyone has experience with a company called find dream rental?
2 November 2024 | 10 replies
This diversity within their team can be viewed as an advantage, as it may provide them with a more global perspective and a better understanding of international clients.I also noticed that they use Zelle under their accounts manager's name, which could indicate a legitimate arrangement for handling transactions.
Roopesh Krishnamoorthy
Physical Therapist on an F1 visa
30 October 2024 | 3 replies
Maybe check out Arizona International Mortgage... they've helped others navigate this before.If you're up for it, we could grab coffee and chat more about your plans.
Alexander Zeisberg
New Again Agent
1 November 2024 | 4 replies
I can feel that push internally, too—getting out there and connecting with people one-on-one is really my style.
Shayan Sameer
Flix & Flip deals with HOA
29 October 2024 | 4 replies
If most everything is internal it usually doesn't make too much difference.
Alex Chin
Timeshare Vacation Rentals
30 October 2024 | 18 replies
If you bank your timeshare (I use RCI) or there is Interval International, two of the largest ones) then you can reserve a timeshare at a more popular, in demand location.
Ryan Cleary
$4,500 for 5 Zillow Leads....
28 October 2024 | 23 replies
Over time, they raised prices, cut the lead amounts, and had their Internal telemarketing team make the first contact and then tried to "warm connect" us.
Evan T. Ong
I'm really uncomfortable with how my future will turn out.
31 October 2024 | 24 replies
If you're in Frisco or any nearby Texas city, and are willing to accept an intern to mentor who'd be willing to show me the ropes, please do...At this point finding a mentor in the summer (anytime without school) would be my best card at the moment.