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9 October 2023 | 1 reply
If you cost seg and bonus, then sell it two years later, you have ordinary recapture and much less potential capital gain.3) You don't have to bonus all asset classes, be selective.4) There is an assumption when you are presented the potential benefits by the vendor that you will hold it until the end of the class life, which could be 27.5 or 39 depending (possibly unlikely)5) Even if you bonus it or 179 it (together potentially), the deductions might be so much greater than the income it gets suspended at the activity level.
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4 December 2023 | 17 replies
Suspended losses are taken as ordinary losses when you sell the property.
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29 September 2017 | 7 replies
@Michael McCarthy Unfortunately, a camera is not used in the ordinary course of your business as an investor, as such, it is not a deductible expense.
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29 December 2023 | 16 replies
You are a business owner with obligations beyond an ordinary homeowner.
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21 December 2023 | 7 replies
About your situation, it's a bit unusual but not completely out of the ordinary.
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3 January 2024 | 2 replies
This condo is more like a townhome, and is actually completely detached with a front patio and large backyard.
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6 October 2023 | 0 replies
., a deduction taken earlier at the maximum ordinary rate in a state with no income state is more valuable than a suspended long-term capital loss (oversimplified but not a terrible example).
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29 December 2023 | 2 replies
Hi BP,We have a vacant unit that is end cap with drive through and patio.
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4 January 2024 | 11 replies
Also, here are the main coverages in a policy:Coverage A- Dwelling or HomeCoverage B- Other structures (detached garages, sheds, fences, pools, patios, etc)Coverage C- Personal propertyCoverage D- Loss of Use/Loss of RentsCoverage E- LiabilityCoverage F- Medical Payments
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29 August 2014 | 26 replies
Arktavious, it's ordinary income either way.