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Results (10,000+)
Matthew Samson Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
That way we could either claim expenses as deductions or through depreciation, rather than just as an increase in basis for capital gains if it was our primary residence? 
Chris C. Help with tax when having another business to go towards buying real estate
25 September 2024 | 7 replies
Real estate offers several advantages, such as tax deductions through depreciation, appreciation, and the potential for cash flow.
Jason Smith Looking at switching to Honeycomb Insurance
25 September 2024 | 3 replies
She recommended raising your deductible for now to try to lower the amount.
Jon Zhou Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
Do the math on property valuation: deduct 20-25% from purchase price if bought post-2020, less remaining debt, less amount of preferred equity (if any), less any member loans.
Melanie Baldridge Did you know this about Gas Stations?
24 September 2024 | 0 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
Shyam Subramanyan Cost Segregation for STR properties acquired in 2018, 2021, and 2022?
25 September 2024 | 18 replies
The 2,500 would obviously not compare to tax deductions generated in the thousands.
Varika Pinnam How do you calculate how much principal you've paid off and home equity you have?
25 September 2024 | 1 reply
This is useful to you because the loan pay-down is taxable income even though you haven't put it in your pocket yet (Only the mortgage interest is deducted on your taxes). 2.
Melanie Baldridge Know these rules before doing a Cost Seg
24 September 2024 | 4 replies
Investment interest can be deductible.3.
Jesse Kleiber Are there Benefits to HELOC on Primary vs Rental Properties?
26 September 2024 | 4 replies
One thing to confirm is the interest deduction on the HELOC, primary V investment as it pertains to the next acquisition.
Michael Plaks The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
Example: your business collected $50k in gross income but had $30k worth of deductible expenses.