As I was working on their taxes, I noticed that cost segregation was based on $180k worth of renovations while the total rehab cost was $310k.

Also, how do you find the rest of the members of the team who aren't financial planners, tax professionals, accountants, lenders, and real estate agents?

The building was built prior to 1938, so there is no certificate of occupancy issued; not sure if that helps me at all.Thank you.

Renting to farmers, tax incentives for farmers.

Although it will be a business debt we cannot hit you with it until you have filed it on your taxes 12 months later.

The money you save in rent is post tax income for you.

The principal, interest, taxes, and insurance (PITI) might be approximately $850.

They’ll pry want to know if it was a property tax sale where she gets a lien, if there’s a redemption period, a foreclosure auction, etc. 

As an accident to start a short-term rental for more than 3 years and wanted to end it. 1) The number from CPA for this short-term is worse than any other long-term rentals. 2) the time spend for this short-term is  >=5  long-term rentals. 3) from Sep-2024, there are 6 books to the end of the year. 4) Insurance of short-term increased 27% and tax will increased without doubt.So tried to cancel all the reservation from AirBNB two month away.

I would discuss this with your CPA/tax professional.