@Ryan Moyer @Daniel MurphyWhile depreciation does “lower your basis, and increase your gain”…Capital Gains Tax and Depreciation Recapture are still 2 different animals.Depreciation recapture is taxed at Ordinary Income tax rates, with a 25% maxCapital Gain, disregarding depreciation, is taxed at Capital Gain tax rates, up to 20% maxKeep the calculations separated.

Except for drywall, I did all the remodel entirely by myself and it took me 8 weekends.I purchased the house for 200k, initially, it seemed to be a good deal, but it was also the first time I was doing a project like this, and you don’t know what you are going to face until you literally face it.The remodel consisted of the following:New LVP flooringNew subflooringNew trims and baseboardsFull interior paint.New interior and exterior doors.New kitchen and appliancesNew vanity and toilet.New lighting and upgraded electrical.Leveling backyard (with a loader)New foundation and patio paint.This is how the kitchen was, old cabinets from the 80s, good quality but outdated.

Charge them for any cleaning/repairs outside of ordinary wear-and-tear.

It’s ordinary income tax plus ss/med taxes, not cap gains, either way. 

I have been interested in investing in Real Estate, I am now in a situation that may be the right time, but a bit out of the ordinary,I live in North Carolina, I have mortgage on my house, with the passing of my mother I am now 50% owner of a house in Royal Oak, MiMy disabled brother lives in the house and will stay until he passes, I manage the house including all bills, repairs, and taxes, he does not pay rent and is not expected to do so, so my question is should I consider this a real estate investment even though there is no purchase or rent, can this be a tax advantage? 

Searching for Sec 8 tenants. 1st fl unit 3 br, 1 bath, living rm/dining rm/kitchen/front & back patio/ backyard. 115 5th Ave, Troy, NY 

I include instructions for payments, reporting ordinary maintenance/problems/questions, and a second method for reaching me with emergencies.

To me that would be the number if it was added to my ordinary income, but if it was a lower rate(long term) then I should be more like 8-10k from what I’m reading.

. $800.00) (note this would be less than ordinary income paid otherwise, plus 50% of SE tax is a deduction.)• $4,200 contributed to solo traditional 401, then converted to Roth.

Not a cpa either  We are a private credit fund so we do not get depreciation, typically interest in our fund is taxed as ordinary income.