Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.
Ben Hedvat
Single-family residence fix & flip Hamptons NY
16 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Garrett Brown
This ONE Change Can Boost Your Airbnb Ranking
23 January 2025 | 24 replies
You may need to guide or provide these types of photos as things you want your professional photographer to succeed. 1.
Byron Umana
New to Airbnb Hosting? Here’s a Step-by-Step Guide to Get You Started!
20 January 2025 | 8 replies
For example how do you identify with confidence that your market attracts more professionals vs. families vs. bachelor/bachelorette parties, etc. and therefore how you'd know which amenities to offer?
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
These are professionals with additional training and a stricter code of ethics.
Charles DeRiso
Anyone hear anything about iintoo?
22 January 2025 | 7 replies
But, this being a larger syndicator they do have professionally made presentations and due diligence documents for you to look through.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
These are professionals with additional training and a stricter code of ethics.
Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.
Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
Readers should seek professional advice.