You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well. 

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

.: Hello,I'm new to tax/mortgage surplus funds retrievals, and have been in contact with a homeowner who is willing to work with me.

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat  Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.