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6 March 2018 | 6 replies
You can only take the Section 179 deduction on a vehicle used more than 50% for qualified business use.There is also bonus depreciation.However I would say that if you are renting out rooms I'm not sure how high your business % could really be for a vehicle?
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26 January 2023 | 1 reply
I will add contingencies for not meeting deadlines and bonuses for completing early.
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10 January 2020 | 4 replies
ADS uses slightly longer depreciation periods (30 years instead of 27.5), and it does not allow some accelerated methods, such as the 100% bonus depreciation.
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22 January 2023 | 8 replies
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000.
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19 July 2022 | 4 replies
Purchased a multifamily, would like to do Bonus Depreciation.I am stuck at the Cost SegregationI see lots of people do 20-30% of house value(without land)example: purchase price $100k, land $20k, other value $80k.if we take 30%, would be $24k for Bonus Depreciation.My question:1.
12 July 2017 | 1 reply
If your current $55k job is a W2 salaried job, meaning no overtime and no commission or bonus, it would be easier to use that income.
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28 January 2023 | 10 replies
Ideally their pay is spread out throughout the year vs. one large incentive bonus they have to budget through.
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18 October 2022 | 11 replies
- install live feed camera- smart locks to monitor entry times- get friendly with next door neighbor and let them know to send you complaints or contact you if there seems to be an issue- always have written approval before any change orders- perhaps a % of contingency can be applied as a bonus if they complete the job ahead of schedule.- let them know you will pay them within 48hrs and have a signed w9 before any payment is made. - does GC have 2-3 subs in each category as backups- will they work on weekends if behind schedule?
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27 January 2023 | 19 replies
Have a professional spreadsheet you can send them for bonus points.
19 December 2022 | 23 replies
As a bonus, I made a bunch of new friends along the way!