
25 September 2024 | 8 replies
@Yi Chu a Roth IRA is already an account that allows tax-free growth so depreciation won't benefit you since depreciation is used to offset taxable income.If you need the depreciation to offset other income outside of the investment, then it might be best to invest outside of the Roth IRA in order to take advantage of the depreciation.

27 September 2024 | 8 replies
Unless you do a 1031 exchange you’ll owe about 15% of the gain and 25% of the depreciation to the federal government.

25 September 2024 | 7 replies
This could help reduce your taxable income, depending on your eligibility.If you’re itemizing deductions, consider making charitable donations as well.

26 September 2024 | 1 reply
Purchase price: $1,250,000 Cash invested: $62,500 I recently closed on this 4 unit property in Federal Hill Providence, RI.

25 September 2024 | 7 replies
I can't speak for California, but I am aware of federal laws.Due to its cost, this would NOT be considered a reasonable accommodation.

25 September 2024 | 1 reply
SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.

26 September 2024 | 5 replies
Hey everyone, I talked to a laywer the other day that told me under new federal regulations you still have to release the names of the stakeholders.

25 September 2024 | 7 replies
If that other business is an S corp, and you are interested in reducing your taxable income, there is hope there.

25 September 2024 | 1 reply
This is useful to you because the loan pay-down is taxable income even though you haven't put it in your pocket yet (Only the mortgage interest is deducted on your taxes). 2.

25 September 2024 | 4 replies
Some tenants are struggling to catch up on rent, which has been exacerbated by the expiration of federal eviction moratoriums and local rental assistance programs.