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14 October 2024 | 19 replies
I really need to have reference material like that.I am aware of the issues you helpfully mention, and my intention is to pay Tax Title Services to address all that.
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13 October 2024 | 1 reply
Quote from @Melanie Baldridge: Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.Great material for 15 year life and eligible for bonus depreciation
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16 October 2024 | 27 replies
the only ones that make this work are LAWYERS and PRIVATE Detective type companies .. the only ONE"S making money on this are these guys just dusting off OLD material joining the modern SM craze to suck in newbies that think they found some new system LOL..
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11 October 2024 | 3 replies
The cost to run is negligible as fuel is very cheap as well as manual labour and materials are also cheap and we grow as much of it as we can.
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11 October 2024 | 17 replies
You supply the contractors materials to save money .There is also the impression if you are an "investor" , contractors will give you a better price.
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7 October 2024 | 20 replies
I guess the part I'm not understanding is that it sounds you can combine their time for material participation (which is 500 hours), but not for the 750 hours required for REPS...but 750 > 500, if you meet the 750 hours, you already passed the 500 hours for material participation.Or you can get 500 hours combined material participation, but then one spouse needs an additional 250 hours of "non-material participation" (??)
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13 October 2024 | 11 replies
The other thing to keep in mind is that you will have to keep a supply closer or room with your extra bedding and materials and a checklist for you cleaning person to run when they turn the unit, as well as a smooth process to screen, lease sign, and collect payment from the guest.
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11 October 2024 | 17 replies
If you materially participate and rent for 7 days or less, and don't use it personally, this will be a non-passive activity and losses can be written against active income.
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11 October 2024 | 3 replies
Tesla's expanding footprint in the area in recent years has made Central Texas a hub for the electric vehicle industry.Examples of the biggest recent projects in the Tesla sphere are: the company itself taking more than 1 million square feet at Kyle/35 Logistics Park; supplier US Farathane Corp. taking an entire 410,000-square-foot building in Georgetown; and Hanwha Advanced Materials LLC building a $100 million, 200,000-square-foot advanced high-tech manufacturing facility near Georgetown.