Your registered address not matching the duplex doesn’t affect taxes, but updating it for consistency is advisable.

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

Note to readers: If you have to get your kid to show you how to buy the Turbo Tax software, download from Amazon, and register and update it - don't do it.

Quote from @Erika Andersen: Update!

Good to get an update on this post.

Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.

So here we are, halfway through escrow period, and I'm very excited to watch this project come to fruition.Anyone on this platform invest in SL?

I'd love to hear more from you.Residential Districts (2019): Renting properties for periods less than 31 days or a calendar month is prohibited.

On top of that, many policies have become more strict (especially in the last few years) with replacement cost language because replacement cost estimates did not keep up with inflation for a period of time AND/OR replacement costs on many older properties had skyrocketed so it made more sense to calculate replacement values with functionally equivalent rather than exact materials.

Quote from @Jordan Gibbs: Quote from @Lindsey Pinkham: Any update on if anyone has done this program?!