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...
Justin Case
Why is Seattle yard work so expensive?
Why is Seattle landscaping service so expensive the past year?I got quotes for basic yard clean up and it is $1,000 for 8hrs of work. I got three quotes all around the same price. Each one quoted $75 to mow each time...
David L.
Primary Home + ADU as Vacation Rental in HI = Worth It?
So I've already started on a road that I don't know how to navigate. Searched and read as much as I could but unfortunately am under a time constraint. Was referred to BP as a great community for RE discussing ideas...
Robert Tanaka
Successful experiences with Self Directed IRA for buy and hold
I am in my fifties and have some $$ available in an IRA. In the process of shifting some money into an SDI to diversify and have passive income as part of my retirement strategy. I already have 2 single home rental ...
Kristopher J. Anderson
What to look for when picking a custodian for self-direct IRA?
I am getting started and building my team. I have read alot and ready to jump in. What should I look for and what questions do I need to ask when choosing a custodian for my self-directed IRA?Most important to me is ...
Thanh Nguyen
Self-directed IRAs In General
What’s the best company to work with to open a self-directed IRA? I also want to know the costs involved with it and what’s normal and what isn’t.
Stu Lyn
De Minimis Safe Harbor "expense" taken for rental property asset?
I use Sch E for my rental income properties. Assume the following:
Rental property valued at less than 1 Million and my wife and I have an AGI of less than $150k of total income.
I'm not a professional RE agent. B...
Andreas W.
De minimis safe harbor on a building by building basis?
I understand that the small tax payer safe harbor is applied on a building by building basis. But what about the de minimis safe harbor? Once I elect it, does it count for all my properties or do I elect it on a build...
Account Closed
$2,500 De Minimis Safe Harbor Election - per project or total?
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...