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19 February 2025 | 29 replies
There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.
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19 February 2025 | 14 replies
BUT, the might cause more issues because 550k is already on the small side for a 5+ unit building product.
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23 January 2025 | 30 replies
I do like now though on our sig blocks we can put our website and then link to our projects but you know those could be fake to I could be faking all my projects.. :)
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30 January 2025 | 6 replies
@Jesse Rivera I love the idea of it the only issue I'm currently facing is I would get negative cash flow renting out my current home based on my current mortgage so it definitely isn't ideal
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29 January 2025 | 25 replies
There were a number of issues, but the big one was a "repair" charge they lied about.
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27 January 2025 | 9 replies
Quote from @Jason Burkart: Quote from @Linda Weygant: A few issues come into play on this.1.
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30 January 2025 | 2 replies
We have two main issues that I will outline below: HeatingTwo heating systems in the home.
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21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
22 January 2025 | 14 replies
They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.
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21 February 2025 | 250 replies
PayPal, Tesla, Space-X, Star link....