
1 August 2021 | 9 replies
S-corp & c-corp have different tax treatment when it comes to money distributed to yourself which is more complicated.

13 January 2023 | 348 replies
Like right now capital gains is 15-20% but in the future if we turn more liberal or a progressive changes capital gains taxes it might be as high as 40-50% So it's a good idea to do Roth IRA or investing so you don't pay on future gains and get taxed now at lower rates An expectation of higher tax rates in the future compared to now (or when the contributions will be made) is a factor that suggests Roth treatment would be better than pre-tax.

18 March 2017 | 15 replies
Check out https://www.irs.gov/pub/irs-pdf/p925.pdf Publication 925: Passive Activity and At-Risk Rules for more info on that.The carpet IS tangible personal property (unless it's in the bathroom or something weird that changes it) with accelerated depreciation treatment, but because of the low cost it could be eligible for safe harbor: that depends if you've done anything else that qualifies for safe harbor and have high enough unadjusted cost basis since there are limits.

23 July 2020 | 23 replies
Just will not tolerate such treatment, holding of funds etc... is no way to do business.When you hear these stories.

25 May 2018 | 9 replies
All you need is a PTIN which is quite easy to get.Agree with everything but the repairs - if the facts and circumstances allow for repair treatment vs capitalizing and depreciating, repair treatment is generally the best option regardless of income trends.

19 November 2019 | 84 replies
Give them the silent treatment until they double message you back, in which you go back to your 80k offer since the other person was obviously false

2 January 2020 | 5 replies
It is almost always cheaper to keep an existing tenant rather than getting a new one, due to empty days, marketing/screening costs, cleaning, time invested, improvements needed, etc.Above all, treat all tenants the same, don't show any preferential treatment.

9 May 2016 | 32 replies
And, while REITS do not qualify, there is a whole family of fractional real estate being sold by securities dealers which qualifies for 1031 treatment.

28 August 2017 | 15 replies
Also, a SINGLE spraying is not a proper treatment.

15 October 2016 | 42 replies
Property that you have purchased with the primary intent of resale does not qualify for 1031 treatment.