John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
I just learned this has now become a voluntary requirement for the time being as there is a court order to stop this reporting.
Kevin Brown
Best Accounting Software
29 January 2025 | 7 replies
It will auto download bank and credit card transactions, give you reports by account, category or property in any form you want.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
I make sure there agent get's the inspection and quote reports with all this because this "mother fk's" them.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
23 January 2025 | 15 replies
.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelry, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report).
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
I am not typically litigious, but this situation is unacceptable.
Spencer Thomas
[Calc Review] Help me analyze this deal
18 January 2025 | 4 replies
Quote from @Spencer Thomas: View report*This link comes directly from our calculators, based on information input by the member who posted.What do you all think of the deal and how I analyze it?
Marc Shin
Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
Consult you insurance broker for specifics but I found this policy to be very protective and reasonably priced.With regards to an umbrella policy they are typically good to have.
Niklas Zhu
Cost segregation recapture on a teardown property
27 January 2025 | 2 replies
If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
16 January 2025 | 12 replies
Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.