10 July 2023 | 2 replies
However, prepaid rent expense, interest and insurance are deducted only for the tax year they pertain to.DepreciationDepreciable basis of a property is undepreciated basis minus land value:Purchase price + major remodeling + improvements – land value – accumulated depreciation = Current basisFor this paper we will assume all properties placed in service before 1987 are fully depreciated.
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18 April 2021 | 4 replies
This past year was a great year to start an online education of any kind, and while it didn't strictly pertain to real estate for a lot of folks, real estate was industry it possible for.
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7 December 2018 | 37 replies
How that pertains to your situation, say you had 50K to put into a ROTH SOLO401K over a couple of years, or keep it 'in cash' to invest with.The BENEFIT of the ROTH is your earning/growth is tax free when taken.
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1 December 2016 | 3 replies
If you want to dig deeper, you can also look up all archived documents that pertain to zoning to see if a certain use has been approved or not here:http://www.phila.gov/zoningarchive/
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28 January 2019 | 87 replies
You need to show that you regularly engaged in a trade or business as it pertains to EACH and every property.
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22 September 2023 | 77 replies
Or do you just consider yourself as “special” where the lease that you signed doesn’t pertain to you anymore?
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24 September 2019 | 3 replies
I live in Mechanicsburg, PA and I'm looking for a good CPA that is update to date and aware of all the real estate laws pertaining to LLC's, real estate taxes, and really all things real estate.
21 May 2022 | 2 replies
You can learn basics from either source...just make sure the info is relevant to your state, each state has different laws pertaining to this.
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17 November 2021 | 122 replies
Here is an excerpt from the instructions for Form 5695 (the form you would need to fill out to claim the tax credit) which pertains to included costs: No costs relating to a solar panel or other property installed as a roof (or portion thereof) will fail to qualify solely because the property constitutes a structural component of the structure on which it is installed.What it looks like that sentence is saying to me is: a roof that is built to be able to hold a solar array counts as a structural component, and therefore counts as a cost of the project.
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19 April 2022 | 22 replies
And to also circle back to the advantageous tax benefits of Delaware, specifically as it pertains to retirement benefits, there is a consistent flow of retirees in the area that require housing.