Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
7 February 2019 | 2 replies
(1) Separate books and records must be maintained to reflect income and expenses for each 'enterprise'.(2)(i) For tax years prior to January 1, 2023, 250 or more hours of "rental services" are performed per year with respect to the rental enterprise.(2)(ii) For tax years beginning after December 31, 2022, 250 or more hours of "rental services" are performed in any three of the five consecutive taxable years that end with the taxable year (or in each year if an enterprise was held less than five years) with respect to the rental enterprise.(3) For tax years beginning after December 31, 2018, the taxpayer maintains records which detail (i) hours of all services performed, (ii) description of all services performed, (iii) dates on which such services were performed, and (iv) who performed the services.(4) Taxpayers must attach a signed statement to their tax return for the tax year they are both eligible for and wish to claim the safe harbor.What the heck are "rental services"?
Amy E.
Violent Tenant and Neighbor Conflict
24 May 2017 | 14 replies
In the brief description you have given, it is obvious this tenant is most likely violating numerous terms of your rental agreement.
Jarrod Williams
Hotel tax and sales tax on short-term rentals
26 May 2017 | 20 replies
When paid, these allocations will then show in your PnL.I fear, the classification of STR will prevail OVER ALL your guests :sigh:I would get a clarification from the officials; Your description above should be sufficient to present your issue fairly.
Bill F.
City Water &Sewer vs Septic and Well
20 June 2017 | 18 replies
Is septic/well something that you would have in the job description of your manager?
Edita D.
Pittsburgh Neighborhoods for young professionals, 1% rule
26 September 2017 | 12 replies
Greenfield is an exaggerated example of the geographical and road maintenance issues of Pittsburgh you have to be aware of as well.
Scott Ficek
How do you find the REO Asset Manager
9 May 2012 | 56 replies
Eventually when you a get a hold of someone just tell them a brief description on who you are and the area your looking for assets in and flirt if it a the opposite sex ( haha it tends to work ), then ask for there email if you don't already have it.
Shanita Parker
Estimating rehab cost
6 June 2009 | 10 replies
Ask them to provide you a written estimate to include a brieg description of the work.
Garlin Smith
Selecting a geographic area
28 September 2017 | 18 replies
Hey BP community, I'm not sure there is an answer to this question but throwing it out there since I've quickly learned to respect the opinions and feedback from my BP colleagues...
I've studied, listened, read and r...
Wai Fung
SCOOP in Oklahoma (oil fields)
10 September 2017 | 4 replies
Most people group the SCOOP and STACK areas together in Oklahoma, and while they are not geographically bigger than the Bakken, they are attracting more interest in a low price environment.
Chris George
REI Clubs near Fresno, CA?
11 September 2019 | 36 replies
I am just getting my feet wet in Real Estate Investing and would love to network in my geographic area.