Kristafer Nicaj
Can I benefit from a Cost Seg on existing multi-family once I have REP status
27 February 2024 | 11 replies
I expect to pay about ~$35k in taxes this year.I also understand it will only be 60% and not 100% bonus depreciation for this year.
Mike Dumas
Tax and Wealth Strategy
29 February 2024 | 18 replies
Honestly, we should have been easy clients - we came to him with a plan in place wanting his help on claiming REP status, setting up a cost segregation for a rental property bought and functioning in 2022, so that we could file for 100% bonus depreciation for that tax year.
Fabio Selmi
Working on Plan B
28 February 2024 | 10 replies
I do love learning new things, so that would be an added bonus.
Travis Tinnes
New To Investing and Bigger Pockets
27 February 2024 | 12 replies
Cost segregation can be a help, especially with the bonuses available, but you want to make sure the numbers are right.
Sam Shikiar
Investment Summary - How to structure/what info to include?
27 February 2024 | 6 replies
It’s free bonus material when u get the book.
Andrew Simms
Considering selling my STR - Some tax questions - Some general
27 February 2024 | 6 replies
Had to forego on bonus depreciation (had done a cost seg) because I'd end up paying more tax for my 2024 return due to the recapture rules.
Karina Lucid
WealthFactory or Wealthability
28 February 2024 | 13 replies
Honestly, we should have been easy clients - we came to him with a plan in place wanting his help on claiming REP status, setting up a cost segregation for a rental property bought and functioning in 2022, so that we could file for 100% bonus depreciation for that tax year.
Jenny Ruckno
HELOC or HE Loan for a 2-unit property, live in one do not rent out the other
26 February 2024 | 2 replies
I want to pay my credit cards off ($15k) and adopt children (estimated to cost $10-15k) My company will reimburse me the adoption fees, but not until it's finalized so I am hoping to do a HELOC so I can re-use that monies later on for bonus items like a pool or something fun for the kids.
Rylan Zwanziger
Wealth Ability- formerly ProVision - Tom Wheelwright
28 February 2024 | 63 replies
Honestly, we should have been easy clients - we came to him with a plan in place wanting his help on claiming REP status, setting up a cost segregation for a rental property bought and functioning in 2022, so that we could file for 100% bonus depreciation for that tax year.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
You can deduct any amount of bonus depreciation"?