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24 October 2024 | 5 replies
Anthony,I am in St.Pete as well and Congrats on the REI sucess!
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1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
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24 October 2024 | 13 replies
I would be happy to chat further if you would like.
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2 November 2024 | 1 reply
I think I can get a policy online with the other requirements, but this waiver seems to be more difficult to find.
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24 October 2024 | 14 replies
These things are supposed to be cash-flow cows right?
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24 October 2024 | 10 replies
To date my annualized return has been north of 30%, so you can do quite well.
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1 November 2024 | 5 replies
This would be $291 per month.
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1 November 2024 | 8 replies
Annual savings is $2797 and lifetime savings of $84KIf you kept making your same mortgage payment, you would be paid off in 24 years.
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24 October 2024 | 6 replies
Creative deals could be for even less.
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25 October 2024 | 2 replies
The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.