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25 September 2024 | 18 replies
I did look at some of the material participation criteria and we should easily surpass the requirements since we pretty much spent time improving the home ourselves, managed all guest communication, etc.Thoughts?
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25 September 2024 | 7 replies
If you have a more extensive full gut rehab you need drawings depicting the work to be performed and material specifications.
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27 September 2024 | 6 replies
The project is anticipated to facilitate access to/from major industries and freight destinations in Mobile and provide hazardous material vehicles a direct route away from the downtown business district.- The overall market has increased by 8.4% this year with the median apartment rent at $950.
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24 September 2024 | 4 replies
Income from a trade or business where a taxpayer doesn’t materially participate.2.
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26 September 2024 | 11 replies
I do my 10-12 doors once every few years and don't see that much lint anymore, but the first time I cleaned some of the properties, they literally yielded a bucket full of material.
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29 September 2024 | 12 replies
Also, the house is being fully redone top to bottom with good rental and good flip materials for the B community that its in so repairs should be less common than most.The market here is very hot still and this likely would sell quickly.
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23 September 2024 | 19 replies
Nice try though.Myth 4: I'm hands-on, so I materially participate"Material participation" is defined by the IRS, not by your Facebook friends and not by YouTube gurus.
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23 September 2024 | 14 replies
There are multiple ways to qualify for "material participation" but this would help to keep someone else under 100 hours.
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24 September 2024 | 2 replies
Spend more than half of your total working hours in an RE business in which you materially participate.2.
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25 September 2024 | 6 replies
Know the prices of your trades, know your material costs, know your end sales prices.