If we both travel by car together, can we both individually write off the miles driven for our respective buisnesses?

@Jay Hinrichs , @Brian KloftThe guys that like cash/respect leverage, know that life does not exist on a spreadsheet, and that pay off properties are hiding in plain sight...just like real life where the unassuming rich folks drive old cars and buy clothes at Costco.

Though it might “seem” that you can arbitrarily attach the “tax basis as the fair market value” and thus receive $0 gain, the IRS would not respect this if you were selected for audit.

Remember, building good relationships with agents is key in real estate, and being persistent yet respectful can help you in the long run. 

If you are renting long term, I wouldn't rent out the in-law apartment out of respect for the long term tenants (and your property). 

Note the standard 401k and IRA limits will be maxed..This needs to be AFTER TAX contributions that can then convert to Roth.Thank you for any insights-pr--Respectfully ask not to be contacted directly by financial advisors seeking new clientele. 

With respect to your privacy, would you say that there is a sub $100k in your area of NC?  

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

AS your one of the most respected voices on BP when it comes to this arena at least IMHO. 

There’s a considerable amount of traffic and disturbance at times during the day but once evening comes it isn’t an issue. 90% of the people that use the parking lot respect my two parking spaces and don’t park in front of my house.