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19 November 2024 | 8 replies
The absolute #1 question is:Do you own investment properties?
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19 November 2024 | 2 replies
They can depend on the person and the property along with a multitude of other factors.
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19 November 2024 | 4 replies
As of right now, the estimated pay out per claim is about $8.
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19 November 2024 | 5 replies
I guess the first question is why?
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19 November 2024 | 5 replies
I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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19 November 2024 | 0 replies
To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.
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22 October 2024 | 2 replies
The 2nd was the literal 1 on 1 time with the one and only @Scott Trench in the "how to use your BP profile to grow your biz" breakout.
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29 October 2024 | 5 replies
Both can offer tax perks if you use the money for home improvements.
19 November 2024 | 6 replies
The software is going to be very conservative with your write-offs.
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31 October 2024 | 17 replies
Wishing you all the success!