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Results (10,000+)
Matt W. Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.
Diego A. Syndication vs Partnership
12 June 2024 | 15 replies
The GP & LP portal keeps everyone organized, the SEC-compliant CRM ensures you stay on top of regulations, and the built-in e-signing saves time and hassle for everyone involved.And here are a few additional tips to help you team up with the right lawyer:Search Online: Look for real estate lawyers who know syndications and partnerships inside and out.Interview Time: Chat with them about their experience and make sure they understand your goals.Specialist for the Win: To get the best possible guidance, focus on lawyers who specialize in real estate law.
Mike Adams Owner-Built Home Sold As New Construction?
10 June 2024 | 11 replies
So, they will be paying that. e) How are you claiming deception when they have clearly they deceived you?
Holly Barrett What would you do with $200,000 ?
10 June 2024 | 3 replies
; c) invest in passive multi-family REIT type situation; d) stocks (or take a chunk of the $200K at least); e) some crypto I'll report back when my books get cleaned up for more clarity. 
Gerilyn Bristow Royal Legal Solutions Texas
12 June 2024 | 47 replies
And you need to take care of more basic things first, otherwise slapping an LLC on top isn't going to help.Note: Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 e
Eric Inigo Experience or thoughts on Homeroom?
14 June 2024 | 101 replies
We discussed our strategy on our bid, and he typed up a P&S agreement and sent me over all the documents to e-sign.
Kyler J Sloan How to Claim Passive Losses without getting Audited
9 June 2024 | 50 replies
So was this filed on schedule E and did you deduct paper loses against a W-2 income?  
Brendan M Hornung Property Management Software for 1 SFR
9 June 2024 | 6 replies
The other option is to Free Property Management software like Turbotenant.com or e-renter.com, but pay for each screening $55, which you can charge the tenant.
Timothy Michael Mick Transaction Coordinator Law
9 June 2024 | 35 replies
One of the main things you get from TC and I get these e mails when I am selling and the other sides TC contacts me and says  Hey we need that lead paint disclosure or we need the property disclosure  or if we are buying Hey where is your EM  all the little details .
Huiping S. End the short-term and switch to long-term.
7 June 2024 | 10 replies
I cancelled all bookings, e-mailed the guests why and let them know in what fashion they could re-book and that I would honor the same price but would not allow Booking to process the reservation, and closed my account down (I had a rash of fraudulent bookings through the platform that Booking allowed to go through).