Furthermore, I later discovered that the property was located in a C- neighborhood, which was not disclosed upfront.

So, your CPA is correct in saying that the insurance proceeds won't be taxable assuming they were used to repair or replace the damaged portion of the property.Cost Segregation Study (CSS): A CSS is a tax planning tool that allows you to accelerate depreciation deductions by identifying and reclassifying certain components of your property as shorter-lived assets.

Requiring xyz% of new housing to be affordable....find me the studies that indicate this will actually lead to housing affordability....eliminating the 10 year tax abatement that unlocked revenues that are 10x what the city of Philadelphia would've collected on many parcels that would never have been developed if not for the 10 year tax abatement etc.....

I am a member of the Oxford House community and I've been studying real estate investing so that it only makes sense that I bring these two worlds together and be of service.

But we dug in and discovered they would be $24,000 instead.

Exterior didn’t need much – sharp new accent color for exterior doors, and other aesthetic enhancements, plus some upgrades on roof flashing and weatherproofing.We discovered that the ground level water intrusion was because a huge crack in a sloping sidewalk next to the building was funneling all the stormwater right over the sill, into the onsite-manager’s unit.

A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850.

We opened the drywall and discovered duct tape was holding the pipes together.

The only other thing I can think of @Michelle Berge is if you call the C.A.R. legal department regarding your question or start studying for your broker's exam..

I have been reading books and I have been studying everything I can.