I’m currently been trying to improve my credit due to poor choices in college.

Would the basis going forward to the replacement property of the primary  converted to rental be the basis as it was as a primary home or FMV at the point of being placed into device as a rental or the primary home basis + any long term improvements while a rental?

If the contractor was hired by the homeowner to make improvements that are energy efficient, the homeowner is the one who receives this credit.

I tried to get this information from my CPA but he couldn't give me an actual calculation, instead, he created a "mock tax return" using last year's data, but when he did it he INCREASED my tax bracket for all my taxes, and everything I've read states this should NOT be the case.I think the calculation should be this: Capital Gains Tax = (Sales Price - seller costs (R.E. agent fee & other closing fees) - original purchase price - capital improvements) x 15%.

I bought a piece of land July 2020 for $367K and with the $200K of improvements I've made is now listed on MLS for $1m.

Has anyone added a hot tub to their STR to improve occupancy during the winter and/or increase nightly rates?

Because the LLC is a pass-through entity, you get the tax benefits of direct ownership.Once the deal closes, the general partners work closely with the property management team to improve the property according to the business plan.

We have thought about going to a digital key pad but are not sure about batteries dying and the fact we would still need to catalog all the keys to these pads.There are so many factors I am hoping to gain helpful insight from some of you who may have already solved this issue.Thanks!

They try to get their Profit up front, before they might do some improvements and Flip the property.

You might also time it so the next contract is signed when you do some time of home improvement for them so they can see you will be actively involved in keeping up the property.