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27 February 2024 | 2053 replies
You can deduct any amount of bonus depreciation"?
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28 February 2024 | 127 replies
In many cases the light source was an added bonus but today, unless the bathroom is really designed appropriately for having a window, it is most often is misplaced in a shower/tub set up.
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25 February 2024 | 4 replies
With cost seg and bonus depreciation, we can save around 20K in taxes.Will eventually convert to a ltr.
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25 February 2024 | 28 replies
We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?
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25 February 2024 | 2 replies
Assuming that John’s wife is managing the Airbnb Rental and qualifies as a material participant, John Doe’s family can deduct $150k from their w2 income for the year 2022 (Bonus depreciation 100%).This would equal $33,000 in a tax refund for the family.
25 February 2024 | 7 replies
Cross fingers that congress passes bill to allow bonus depreciation, perform a cost segregation analysis in year 1 to capture as much depreciation as possible to offset incomes.
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24 February 2024 | 4 replies
Bonus STR's are eligible.
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23 February 2024 | 15 replies
I have all long term rentals, did 27.5 straight line depreciation, no cost segregations, no accelerated deprecation, no bonus depreciation. no C-Corps and no S-Corps.
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21 February 2024 | 9 replies
Purchased Rental Property Investing and was trying to find the landlord form bonus.
23 February 2024 | 65 replies
Hello Account Closed,Can bonus depreciation be applied to a foreign STR?