Kev Li
IRA's Real Estate Professional Designation
24 April 2024 | 4 replies
I often do site visits to the property and then design/draw the hvac/plumbing systems for the building.From what I gather below the following would all fall under "real property trades":"The statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, "I believe that my line of work can be classified under "real property development", "construction", "conversion".
Gary Adams
Real Estate Investor
16 April 2024 | 7 replies
The tax code defines a real property trade or business activity as “any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business.”2. 750 Hour TestYou must spend more than 750 hours participating in real estate business activities during the tax year.
Justin Sheley
Fund & Grow Financing
14 April 2024 | 885 replies
@Justin Sheley what is your strategy after the 12 months zero interest period, are you gonna renew your membership and ask F&G to reconstruct your credits?
Account Closed
DEBUNKED: "Managing your property manager" does NOT count towards REPS hours
6 April 2024 | 12 replies
'Thanks, Dan DietzHey Daniel, The IRS has a list of 11 real property trades or businesses that qualify: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.
Justin Strait
Anderson Business Advisors
2 April 2024 | 27 replies
Plus, I'm willing to have someone do some of the extra work for now.Descriptions:PLATINUM MEMBERSHIPAccess To The Anderson System2 Year Tax ReviewUnlimited Attorney Strategy SessionsUnlimited questions with our tax team via the online platinum portalAccess To Monthly Tax WebinarTax Q & A DatabaseAccess To Video Training LibraryExtensive Legal Forms LibraryE-newsletterAttorney Document Reviews (Limited)Exclusive Product & Workshop Discounts$35/Month to maintain membershipReceive Two Complimentary Tickets Each Quarter To Attend Our Educational Workshops In Las Vegas*COMPANY ASSISTANCE PROGRAM $1,800 initial payment, $795/yr Verifiable Corporate Headquarters*Entity Maintenance Support* (anything related to the ongoing compliance and operation of the entity, ie conversions, domestications, binder restatements, redrafts, and dissolutions** for Nevada & Wyoming)Mail Forwarding Reconstruction of Missed Entity RecordsAnnual Corporate ComplianceAnnual LLC CompliancePhone answering service (702.871.8535)10% discount on executive retreat, upon qualification*Entity must be formed or binder docs drafted by Anderson and Anderson is required to be listed as the Registered Agent.
Sanjeev Advani
Navigating the Surge in U.S. Commercial Property Loans: Strategies for 2024
27 March 2024 | 0 replies
We'll outline the core challenges and opportunities this presents to investors, developers, and property managers alike.Analyzing the Impacts: Here, we delve into the effects of this surge on different market participants.
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
How many surgeries the hand surgeon has to do to equal the commission of a $1,000,000 home sale?
Amy Hu
How to put 750 hours to qualify as real estate pro for tax
22 March 2024 | 19 replies
thanks If you bought it vacant, then many of the expenses may have in fact been acquisition costs to be added to basis or depreciated separately. 100% bonus depreciation was available on certain improvements or items PURCHASED AND PLACED IN SERVICE after 9/27/17.The 750 have to be in Development or redevelopment, Construction or reconstruction, acquisition or conversion, rental, management or operation, leasing, brokerage.
Ambrea Raquel Chatman
New Member Here
18 March 2024 | 12 replies
In the recent transactions Iv dealt with high rises Iv seen many special assessments in place for reconstruction of elevators and other contributing factors.
Ken Weiner
Anderson Business Advisors
20 March 2024 | 193 replies
.- Verifiable Corporate Headquarters*- Entity Maintenance Support* (anything related to the ongoing compliance and operation of the entity, ie conversions, domestications, binder restatements, redrafts, and dissolutions** for Nevada & Wyoming)- Mail Forwarding - Reconstruction of Missed Entity Records (We have found that in most cases clients have neglected most if not all of their corporate documentation.