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21 August 2024 | 27 replies
That way, you can take the tax deduction and have a less risky investment that is primed for appreciation.
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18 August 2024 | 12 replies
I've had similar experiences with insurance companies inspecting my rental properties after purchase and making specific demands like repairs or adjusting deductibles based on their findings.
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21 August 2024 | 15 replies
If you use the rental space for personal use more than 14 days in a year (or 10% of the days if you didn’t own it for the whole year), then the deductibility of your rental expenses are limited to the amount of your rental income (so you can’t report a rental loss) ...This post does not create a CPA-client relationship.
20 August 2024 | 13 replies
I'd like to take advantage of the last year where we can take a 100% deduction using cost segregation.
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18 August 2024 | 3 replies
Up to now I aimed to maximize the Repairs and Supplies categories of my Schedule E, to make sure I have as large a deduction as possible.
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17 August 2024 | 8 replies
My deductibles are $6K range and all properties are 2005+ build, 2000 SF +/- double story.Location Houston TXThis is my first time working with insurance as well as roofing company.
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17 August 2024 | 10 replies
We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions.
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19 August 2024 | 18 replies
It's an issue and things like deductibles are increasing...so higher costs/less coverage.
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19 August 2024 | 13 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
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17 August 2024 | 8 replies
This is a good way to deduct if you are renting the space for your business or the real estate LLC.