
8 May 2024 | 2 replies
My wife and I plan on moving to Grand Rapids in the next couple of years.

7 May 2024 | 5 replies
I'm writing an offer on a property that I'm planning to pay all cash for.

8 May 2024 | 5 replies
We're planning on doing a 1031/121 combo.

8 May 2024 | 7 replies
For example, I've seen where a hobbyist investor/developer works on project, they hire an engineer and/or architect, but they ended up missing something vital, i.e. drainage issues, environmental, fire dept review, planning the wrong type of product for that market (buyer & renter demographic), etc.

5 May 2024 | 17 replies
Everyone has opinions but some are not based in reality.If you are not providing significant services, like daily cleaning, on site chef for meals, custom tours etc. you should be filing on a schedule E. https://theshorttermshop.com/is-short-term-rental-schedule-e...

7 May 2024 | 7 replies
I work with a retired man would can draw plans for houses and used to build houses.

9 May 2024 | 25 replies
What is your plan for using your license?

5 May 2024 | 3 replies
Here’s your answer:Depreciation (Line 13/14) – can be added BACK as income Business Use of Home (Line 30) – can be added BACK as incomeVehicle Miles (Line 44A) – can be added BACK as incomeUn-allowed Meals and Entertainment (Line 24B) – is subtracted FROM your incomeIf you have a choice on HOW to deduct the items above then you want to CHOOSE to try to deduct them in those categories.

8 May 2024 | 4 replies
CPAs, while essential for tax optimization and financial oversight, may not always be viewed as indispensable in the initial planning phase.Communication Gaps: There may be communication gaps or misunderstandings about the roles and contributions of CPAs versus attorneys and GPs.