Julio Gonzalez
Is my property a good candidate for cost segregation?
14 January 2025 | 0 replies
This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.
Jacob Havlovick
Duplex House Hack
13 January 2025 | 6 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Rene Hosman
Have you ever moved your HSA to get better investment options?
13 January 2025 | 8 replies
You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
Looking for peoples opinions if the quoted costs are fair to take off the security deposit.TYIA You are absolutely within your rights to deduct all that from the security deposit.
Chris L.
Can I deduct passive losses the year my rental property sold?
13 December 2024 | 6 replies
., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.
Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
Fridge - I could purchase the new door and deduct.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
A professional study, though more expensive, often identifies more deductions and is better for IRS scrutiny.
Nic Williams
Can you make money in Alaska with a 4plex?
3 January 2025 | 2 replies
The Big plus is the tax deductions they will be able to take as well!!!
Apurv Asthana
Need advice on landlord insurance
27 December 2024 | 6 replies
My deductibles are usually $2-5000.