One of the many benefits of being a real estate property owner is the many tax strategies and laws that help keep a substantial amount of money in your pocket. One of those advantageous tax laws is bonus depreciation,...

Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...

I am a Real Estate Professional, but I seem to be having trouble with my CPA understanding how to account for this. 2022 was my first year as a Real Estate Professional. My husband has a W-2 job with a large amount of...

Hi guys,

Tax question for you:

Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain it...

Originally posted by Joel Owens:I like upping the rents slightly so that you get the increase but are still below market.

Joel posted this on another thread and I wanted to ask for his rationale without derailing the...

Contractor CONTRACT? Just curious what type of contracts do you have/use with your contractor? I’m looking to put together a general one for my LLC.. curious to know what are the most common terms y’all include 🙂

You might want to hold-off from electronically filing your 2023 tax returns until January 29th. By this date congress is aiming to pass the Tax Relief for American Families and Workers Act. This tax legislation extend...

Hi there, hope someone can help me with this question. I have had conflicting advice from cost segregation specialist versus our CPA. If a primary residence is converted to a long-term rental property, can bonus depre...

Either as a property manager or someone who uses a company to manage your multi family properties, what fees do you charge or get charged? Any other ways to bring in revenue as the manager?

For example, a % is first ...

Hi - If I'd like to claim 100% bonus depreciation on a set of appliances I purchased for a rental property, would I just include the total value/cost in line 14 under "Part II - Special Depreciation Allowance and Othe...