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Becca F. Do PALs from RE offset capital gains from stock dividends and another question

29 October 2024 | 12 replies

#2) Why is everyone I know buying STRs and doing accelerated and bonus depreciation?

Francis A. In fast-growing Phoenix, higher rents have pushed more people to their financial limi

30 October 2024 | 4 replies

QUESTIONABLE- Best Buy over $1,000 (maintenance visit soon after noticed two new TVs and Xbox consoles in kid's bedrooms) POOR CHOICE- Numerous purchases from online women's store selling wigs, "interesting clothing" & such (yes, we looked up the website) POOR CHOICE- Numerous cash withdraws of $400-$500 at Detroit casinos.

Mark Esperti Buying a 3 Family with a non-permitted 4th Unit - Central Massachusetts

30 October 2024 | 2 replies

Lastly as an illegal unit it is huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk

Martha Ann Cicorelli Help filing with the Department of Georgia

29 October 2024 | 3 replies

Just be mindful that georgia does not recognize bonus depreciation.

Marlie Evans Bonus Depreciation, safe harbors and Partial asset disposition

22 October 2024 | 8 replies

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like.

Heidi Kenefick 1031 exchange and depreciation recapture?

28 October 2024 | 34 replies

The 1245 property (think personal property and bonus depreciation) is recaptured at ordinary tax rates though… so the new property must have an equal amount or more 1245 property.