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25 November 2024 | 1 reply
And I opt for the higher deductibles generally unless the price difference is minuscule.
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26 November 2024 | 13 replies
If you’re itemizing your deductions, another great strategy is making a strategic donation to a charity or organization you believe in, like your favorite nonprofit or your church.
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17 November 2024 | 0 replies
Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!
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22 November 2024 | 12 replies
I just want to make sure the COGS total can be deducted in the year the sale is completed.
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10 December 2024 | 104 replies
Then, I also noticed that although 200 leads were deducted from my 25,000 monthly balance only 160 names populated on my email list (yes I counted... lol!).
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24 November 2024 | 27 replies
They are difficult to finance and once the profit split with the hotel plus other fees are deducted from the gross they don't typically look like very good deals.
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16 November 2024 | 3 replies
To save money, management raised the wind and hail insurance deductible from 5 to 10 percent.
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27 November 2024 | 8 replies
Everything is deductible.
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22 November 2024 | 7 replies
Maximizing Deductions: You can still claim tax deductions (mileage, repairs, management time, etc.) on both properties as long as they’re legitimately related to rental activity, even if one isn’t in an LLC.
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26 November 2024 | 13 replies
As mentioned in the podcast, you can carry forward the paper loss, which could offset future rental income or other income once the property is fully operational as a rental.To maximize your benefit, doing the cost segregation study now while bonus depreciation is still at 100% would allow you to accelerate depreciation and take advantage of the full deduction in the year the property is placed in service as a rental.