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8 July 2022 | 3 replies
We purchased the remaining supplies and did 90% of the labor ourselves.
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9 July 2022 | 8 replies
@Noah Kellar , Inventory is definitely a challenge and will probably remain so at least through the end of the year.
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25 June 2022 | 25 replies
I would remain patient, stick with the team you built, and keep plugging away with researching properties and making offers.
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16 November 2022 | 8 replies
for example : Rental income 60k in 2022business vehicle Truck cost : 80k , purchase in 2022using 179 I can only claim upto 60k for tax yr 2022so the question is, can I claim remaining 20k in next filing for tax year 2023?
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13 July 2022 | 5 replies
This makes it more akin to a small multi-family propertyCONS- Potentially higher turnover- You need to keep utilities in your name so they remain on when tenants come/go- Potential for roommate disputes - Potentially more wear and tear on the home
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23 July 2022 | 15 replies
I mean seriously... if you are doing SO WELL with a 3% success rate... how much more successful do you think you will be when you actually use math data and analysis to scale to a 37% or maybe even an 80% success rate.You can remain stubborn and defiant, but who will be hurt doing so?
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23 August 2022 | 2 replies
I have already completed 10 units but need help finishing the remaining units as other projects have come up.
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9 July 2022 | 5 replies
Ask your CPA if the Trex material would be considered an impaired asset and if you can expense whatever the remaining value is all at once.
30 June 2022 | 4 replies
I can think of two scenarios, please tell me which one is correct (or maybe both are wrong)-----------------------------------------------------------------(A) passive losses first eat into profit on sale and remaining goes towards depreciation recaptureprofit from selling - suspended losses = $200,000 - $100,000 = $100,000Depreciation recapture taxes on this $100,000 of left over profit, which is 25% of $100,000 = $25,000 taxes owed----------------------------------------------------------------(B) IRS says, nope, first we recapture depreciation and then take care of passive lossesDepreciation recapture tax on $150,000 out of that $200,000 profit from saleremaining $50,000 gets offset from my $100,000 of suspended losses, so no taxes on remaining $50,000.
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12 June 2022 | 4 replies
The part I'm not sure about is, after 5 years they want me to pay the remaining balance on the loan through a different lender.