Scott Chauncey
What is allowed under De Minimis Safe Harbor
Would items that are typically depreciated over 27.5 years (ie furnace, flooring, water heater, doors, etc...) be allowed under this act if they are less than $2,500? Additionally, would appliances like a fridge be al...
Mila F.
De Minimis Safe Harbor - before property placed in service?
I stumbled over this thread from a few years back on DMSH election for costs incurred prior to placing a property in service. It was a heated debate with no consensus: https://www.biggerpockets.com/...What's the in...
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Andreas W.
Water heater, a personal property and therefore de minimis?
Can I deduct a new water heater after the old one stopped working using the de minimis safe harbor? I have not found any reference for that.
Demjan Van Der Kach
SAFE act / Dodd Frank, seller financing, "de minimis" exception
Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...
Kent Mayes
Achieved your first Investment with Minimal Financial Revenue?!
Hi! My name is Kent and I currently reside in Corpus Christi, TX. I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desir...
Jon H.
Newbie Columbus, Ohio - Minimal Experience, Desire to Wholesale
Hello BP Community! A close friend told me to check out the BP podcast. I listened to over 10 episodes on a drive from my home in Columbus, Ohio to Connecticut and back. I've had a desire to get into flipping for...
Mindy Perry
minimize rent loss while renovating a multifamily building
Hi everyone, I just bought a 6 unit multifamily building in Somerville Massachusetts area (close to Harvard University). I am planning to redo all the bathrooms and kitchens for all units. This is an expensive area an...
Kate Gofman
Primary residence to rental property minimizing gross income
Hi everyone,I plan to rent my house which has been my primary residence for 5 years, and move in with my fiancé .I am a single mother with 15 year old twin daughters. I don't have any savings. Of course, I worry abou...
Arthur Kineard
How do I show income while minimizing taxes?
I own a retail business that is doing well. I want to diversify into real estate as a tax shelter and for money. My primary question is how do I show income after taking advantage of all the deductions? I can take ded...