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Results (10,000+)
Melanie Baldridge Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
Alicia Kuluris Partnership After All the Work is Done and Home is Making a profit
2 November 2024 | 22 replies
We have already done all the work from remodeling, furnishing to all the technical/software stuff.
Jin Zhang Anyone has experience with a company called find dream rental?
2 November 2024 | 10 replies
It makes us feel that they are trying to hide their identities 2) we could not find any information on the founder of the company 3) could not find any info on the company on the internet 4) when they ask us to pay, they have a discount with Zelle.
Jerry Zhang What do you call this kind of deal?
2 November 2024 | 3 replies
Why would someone sell a note at 20% discount at closing?
Kelsey Vander Meulen Out-of-state landlord: best method to handle maintenance requests?
31 October 2024 | 15 replies
I'm already using RentRedi to screen tenants, receive rent, deliver messages, but I wanted to know if anyone had any suggestions on either a software or virtual assistant type platform that helps them automate maintenance requests...
Quin Ortiz Landlords/PMS, what makes a good Property management software?
27 October 2024 | 1 reply
Im a college student currently working on my capstone project where Im aiming to build a property management software.
Michele Richard Chicago Rental Properties
31 October 2024 | 19 replies
Also much easier to manage contractors to rehab.The key is finding discounts
James Brand Accountant/CPA who is Stessa savvy?!?
31 October 2024 | 10 replies
Anyone can figure out how to pull those reports in any PM software.
Mike Lawrence Multifamily Coaching Programs - Are they worth the investment?
4 November 2024 | 26 replies
Just like you I have been thinking into mentorship programs and I have gone to Multifamily Mindset ($40K), Apartment Educators ($20K) which is based in Texas, and now I am looking into RE Mentor (mentor of co-founder of Multifamily Mindset) and it's a 3 day seminar for $1500 (but they end up giving you a *one time discount* if you sign up during the free 2 hour event for $995 but it is possible to sign up for their mentorship program through their website if you can't go to their free event).
Cody Anderson House Hacking with friends or family? Share your pros/cons
31 October 2024 | 18 replies
Manage rental income and expenses using tools like Google Calendar and property management software.