Extra bonus, the nearly identical house on the same street had just gone under contract for more than I was planning for my sale price with a "rental grade" rehab, so my plans for nicer finish-out were looking good (even though I wasn't counting it in my numbers).Due to limited cash funds, I did a 50% cash down payment, short option, 30-day close... and lost it to a lower all-cash offer.Lesson #1 - I'm going to need "cash" in the Austin market.  

While I cannot/ do not speak for the IRS, I can say that the Section 179 expense is offered as an incentive for small business owners to grow their businesses with the purchase of new equipment.

Took the faucet off, went to Home Depot, found an identical replacement.

As Wayne mentioned already, you need AT LEAST two characters from the user's "identity".

@Bill Briscoe ,Yes, Bonus depreciation is still available for equipment and property placed in service in 2013.TO explain simply here:It comes down to direct or indirect:Definition of 'Direct Cost'A price that can be completely attributed to the production of specific goods or services.

Thank you in advance for any suggetsions.There's a piece of equipment used to scan receipts and documents onto your computer called Neat. http://www.neat.com/Kudos,Mary

I have at least 4 couples who (at least in pre-screening) score almost identically high.

Again assuming for simplicity that each of your duplexes were identical and sold for the same amount say 200K then you would take 100K as the primary residence exemption and 1031 the other 100K  If you want to combine it with your partner then you would buy a property or properties worth at least $200K (your 100 and his 100).  

Yet the pay stubs they all provided were all not only identical, but looked so simple they could have been made in an Excel spreadsheet in 5 minutes, no joke...I was suspicious at the time, but decided to run their SSN's for the background check...except their SSN's were invalid.

I wouldn't hire anyone without insurance and their own equipment.