Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.
Adriana Siu
Selling High End pre-fabricated module at cost
13 January 2025 | 1 reply
To be brutally honest i don't care if it's at cost, below or above, I only care what it is exactly and how much.
Mohamad Taisir Albik
Property insurace cost for duplex
20 January 2025 | 1 reply
Hello Everone .
I just bought a duplix for 281K in pensacola 2 months ago , Is it the norm to pay around $3200 on a policy ?
Thank you
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Cost segregation utilizes the MACRS approach.
Ryan Daulton
Mid-term rental pricing
29 December 2024 | 16 replies
Our experience has been that most tenants book about two weeks out from a vacancy, so don't slash the price of your MTR too soon to your next ecpected vacancy(you will get nervous, I promise).
Alex Tang
Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies
Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
Tax Savings with Cost Segregation: With a $2M property, cost segregation allows $316k depreciation in year one instead of $28k.
Brandon Morgan
high utility costs for tenants, non compliance, not sure what to do.
9 January 2025 | 3 replies
I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.