To make the most informed choice, get a Cost Seg feasibility analysis (free) which illustrates the expected tax deductions and then assess how those deductions impact your tax liability, based on your tax profile.

Misclassification can lead to tax penalties.Donating to a church is fine, but tax-deductible donations have limits (usually 60% of AGI), so sending all wages wouldn’t fully offset taxes.

If the cost of rehabbing it is more than it’s insured for, they’ll just cut me a check for what it’s insured for minus the $2,500 deductible.

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

The due date for 1065 returns is March 17th this year.Yes, you can deduct all property related expenses on the 1065 return. 

You can also add back mileage deductions. 

To minimize taxes, ensure all deductible expenses—such as materials, labor, and loan interest—are properly documented.

Interest expense as a deductible, Depreciation expense as a deductible and Principal paydown as a piggy bank. 

That depends.High quality vs lower qualityNew vs used.A mix of both.Could be $30k for good quality new stuff.Your CPA can tell you what you can deduct and what you have to depreciate.