
11 November 2024 | 8 replies
From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

12 November 2024 | 171 replies
Ground lease own just the land so no tax depreciation usually so not tax advantaged like absolute NNN.

12 November 2024 | 1 reply
Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!

13 November 2024 | 17 replies
I do have a zero-leverage option which is taking out retirement funds early and $30k is tolerable for me.I assume you know but you will pay a 10% early withdrawal AND pay ordinary income tax on that 30k.
13 November 2024 | 5 replies
I would take a copy of the plat map or GIS tax map with property id and sit down with them.

11 November 2024 | 65 replies
You need to be licensed to do property management in Ohio, so I'd really like to know how his "team" is handling property management for all of the countless investors he claims to be working with.

7 November 2024 | 5 replies
Even if you could it all you're doing is deferring taxes instead of eliminating them.

12 November 2024 | 0 replies
Paying very low property taxes.

13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....

11 November 2024 | 0 replies
Opportunity Zones are designated distressed areas where long-term investment and development are encouraged.3 Reasons Why You Should Invest in Opportunity ZonesDefer or Eliminate Capital Gains Tax ObligationsWhen investing in Opportunity Zones through a Qualified Opportunity Fund (QOF), you have the potential to defer your capital gains taxes.