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Results (6,099+)
Pablo Madrid de minimis safe harbor expense or bonus depreciation, tax on sale
8 February 2021 | 8 replies
Pro: No depreciation recapture Con: If you have income it reduces your asset amount for calculating QBI I would also be fairly surprised if land was only $10k on a $100k purchase- how was that calculated There's no depreciation recapture because there's no depreciation, but according to the regs there is ordinary income tax due on the entire sale amount that corresponds to the carpet....given that the whole purpose of the safe harbor is to reduce record keeping, the reg seems illogical as how would you know what corresponds to the carpet without having it on the asset schedule, but it's there in black and white in Reg. 1.263(a)-1(f)(3)(iii)Michael Plaks I believe highlights this in his example where he allocates a $500 residual to your $2500 carpet and said $500 is 'recaptured' at ordinary rates, although technically not depreciation recapture since the item was expensed and not depreciated.See also:https://www.law.cornell.edu/cf...https://www.claconnect.com/Wor...https://www.ruraltax.org/files...
Joshua Tessier My Manchester, NH 4 Unit renovation
15 November 2021 | 69 replies
The window looks great to and really highlights the beautiful sunsets. 
Gibran Saliba sellers with no real estate agent/broker
7 September 2019 | 2 replies
Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.
Mike Rev LOOKING FOR A FIRST TIME SINGLE FAMILY LANDLORD
21 September 2019 | 12 replies
I highly recommend you read all the state laws, highlight them, study them, and act within them. 
Ondrej Brown How do you guys feel about FHA Loans ?
17 September 2019 | 3 replies
I'm sure you already know the downsides, just wanted to highlight some of the stuff in the "pro" list.
Conner Bridwell New to investing looking for help on where to start.
20 September 2019 | 7 replies
Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.
Morgan Brown Newbie learning Wholesaling
20 September 2019 | 6 replies
Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.
Dana Boyes How to avoid no shows for unit viewings
21 September 2019 | 34 replies
You can also take a 5 min video walkthrough of your property, narrating as you go to point our the highlights.
Oliver Jackson Tax deductible expenses, Florida rental, holiday advice Website
20 September 2019 | 1 reply
Hi, Regarding a Florida holiday rental (4bed, private pool).Could I deduct the cost of attraction tickets, such as theme park tickets, shows, events and such like if I use this first hand knowledge to advise my guests via Sending email files (“things to do”) or highlighting attractions in my marketing (including website)?
Omer Sultan Verfiying Rental Income on Prospective Rental Property
16 November 2019 | 6 replies
A copy of the fully executed lease(s) or bank statements highlighting the rental income or rent receipts or something else?