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23 January 2025 | 31 replies
May you deduct ongoing costs from the property like mortgage interest, replacing appliances, property management costs, etc with an SL?
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4 January 2025 | 4 replies
For example, if you are buying in an area that is in are 1980s and above, you might run into a roof that is tile and the paper under the tile needs to be replaced the day you close.
3 January 2025 | 10 replies
If the roof itself is not covered, you can estimate your out of pocket if the whole roof has to be replaced.
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6 January 2025 | 5 replies
Will the roof need to be replaced within 5 years?
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23 January 2025 | 56 replies
On top of that, he was supposed to replace support beams under the enclosed back porch section and he spaced them wider than 36” apart.
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4 January 2025 | 9 replies
What gets expensive is replacing a deteriorated side sewer from the house to the street, when they use the cleanouts and find out what's going on down there.
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3 January 2025 | 5 replies
Do you know if a roof that was replaced due to an insurance payout can be added to the basis?
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31 December 2024 | 6 replies
In order to defer all of the tax you must purchase a replacement property that is at least as much or greater than what you are selling for.
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2 January 2025 | 1 reply
Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.
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11 February 2025 | 1681 replies
A roof replacement knocks out your cash flow for a year plus+.