5 May 2021 | 6 replies
It is all relevant to the price you pay and where you want your all in cost to be.
2 October 2023 | 17 replies
Trying to process all this data can lead to paralysis as investors struggle to filter out what's relevant and make informed decisions.
8 March 2024 | 121 replies
How this mostly relevant for me is with regard to buying real estate when prices are far above the inflation index
23 February 2024 | 65 replies
Typically, the cost segregation study should be conducted in a timely manner to provide the required information for tax planning and preparation.Be sure to work with a qualified tax professional or cost segregation specialist to ensure that the study is done correctly and that all relevant details are considered for your specific situation.
11 December 2023 | 19 replies
Tax returns are also rarely relevant to a case and thus exchanged in litigation (check with your state's rules).
10 December 2023 | 50 replies
Document the business activities conducted during the trips and their relevance to your rental property business.Limitations on Duration of Stay:If your trip is primarily personal with only a minor business component, it might not qualify for certain tax deductions.
6 November 2023 | 27 replies
Ongoing Management:Continuously manage and monitor the investments in the syndicate, communicate with investors, and provide regular updates.Creating a syndicate can be a complex undertaking, and it's crucial to work with legal and financial professionals who have experience in this area to ensure compliance with all relevant regulations and to make informed investment decisions.
20 November 2023 | 16 replies
Here are some important things to keep in mind and track for your Airbnb and rental property:Income and Expenses:Keep a detailed record of all rental income received.Track all expenses related to the property, including mortgage interest, property taxes, insurance, utilities, maintenance, repairs, and any other relevant costs.Property-related Expenses:Categorize your expenses to make it easier for your CPA.
26 March 2016 | 9 replies
If you've got a solid income, "cash flow" isn't nearly as relevant in most cases.
19 March 2024 | 6 replies
This could include reporting expenses, depreciation, and other relevant information.Filing a tax return allows you to take advantage of any available deductions or credits that could offset other income or reduce your tax liability in future years.