8 October 2024 | 8 replies
Is there any flat fee lawyer in Chicago that can help me file this?
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9 October 2024 | 1 reply
But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!
8 October 2024 | 5 replies
The legal method is to file for an eviction and slog through the time-consuming court process.
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8 October 2024 | 4 replies
Hey @Patty Mac, I recommend commissioning a tax pro to help with your filing and ask them this question.
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9 October 2024 | 3 replies
California Senate Bill 567 (SB 567) allows for "Just Cause" Eviction if a landlord will "Substantially Remodel" a property: https://oag.ca.gov/system/files/media/Tenant-Protection-Act-...
10 October 2024 | 0 replies
Tax rates are lower than for short-term capital gains tax.Depreciation recapture tax: Filing a noncash depreciation expense can help reduce tax liability.
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5 October 2024 | 1 reply
Hello Fellow BP Members,I am excited that I found my first property for an STR but stressing out over the lender not meeting closing deadline.
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8 October 2024 | 5 replies
It looks like no matter what, my actual name will need to be filed on annual report with the NC LLC (even using a registered agent).
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8 October 2024 | 6 replies
Reposting from one of our FB forums:Homeowners who need to file insurance claims - read on.
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11 October 2024 | 56 replies
Good to have clear deadlines but overshoot them with a bit of buffer when possible!