Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
1 April 2020 | 21 replies
That said, Toth was specially allowed her expenses that were claimed as she was deemed currently operating.You should read 195 https://www.law.cornell.edu/uscode/text/26/195"(c)Definitions For purposes of this section—(1)Start-up expenditures The term “start-up expenditure” means any amount—(A)paid or incurred in connection with—(i)investigating the creation or acquisition of an active trade or business, or(ii)creating an active trade or business, or(iii)any activity engaged in for profit and for the production of income before the day on which the active trade or business begins, in anticipation of such activity becoming an active trade or business, and(B)which, if paid or incurred in connection with the operation of an existing active trade or business (in the same field as the trade or business referred to in subparagraph (A)), would be allowable as a deduction for the taxable year in which paid or incurred.The term “start-up expenditure” does not include any amount with respect to which a deduction is allowable under section 163(a), 164, or 174."
John Wesbrook
Best lenders for rental property?
29 March 2020 | 4 replies
Suggest you sit down with a mortgage agent that specializes with investors (you will be able to find a few on BP).
Jeffrey Chan
Miami, FL - New Concrete Construction - 1109 SW 4 AVE
5 April 2020 | 5 replies
., and specializes in shell and superstructure construction (steel reinforcing, concrete, and masonry).
Scott Louis
I have 250k to invest...what is the best way to start?
30 March 2020 | 39 replies
Do not listen to questionable gurus and anyone promoting their own special investment.
Steve Vaughan
Anyone else forced to DIY during quarantine? Share your pics!
28 April 2020 | 49 replies
Ive never been afraid to roll up my sleeves, but I generally know what I don't know and hire out the more advanced or specialized tasks.
Account Closed
Make your April Rent Predictions
2 April 2020 | 15 replies
The one caveat to this is the landlords who deal in the Specialized Sector of Low-income housing, I don't deal in this space, so I'm not sure what the expectations are in this client base.One of my brothers an Accounting Clerk, got let go on Friday, he received a payout for his accrued vacation days, and all of his unused Sick time, with that large check, and the incoming unemployment checks, I have a feeling his landlord in North Hollywood will be getting paid the rent
Chris Martin
NC court system - closed to most business
29 March 2020 | 0 replies
I believe that the Special Proceedings office in Wake county is still open and I think Substitute Trustee processing related to defaults will continue.
Joe Carter
My unfortunate situation
2 April 2020 | 88 replies
For a while my wife & and I did nothing but work to clear off the ledger; our big extravagance for several years was a once-a-week "splurge" at the Cracker Barrel for the dinner special.
Charlie Kazmar
Vancouver (WA) Members! Investor/Broker? Who do you work for?
6 April 2020 | 10 replies
Unless you are specializing in the luxury market I don't think the brokerage matters....what matters is the individual.Let me know if you every want to chat over the phone or meetup locally (when it is safe to do so).
Chris Mooney
Maximizing Financial Benefits of Personal Residence
5 April 2020 | 5 replies
@Chris Mooney the good news is that you don't need to do anything special to take advantage of the tax laws for your primary residence.