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Hi All!
I have to this point mostly owned "residential" multifamilies. As I look into larger properties i am wondering if anyone has a list of improvements to make and estimated improvement $ amount to be added to va...
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This year I replaced two HVAC systems. I know this is tax deductible, but I'm wondering if I would claim the entire deduction on my 2022 taxes or is this something I spread out over a few years?
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I am having a hard time finding if IRS has rules if there is a time limit (purchase to in service date) on what can be deducted.
Scenario - STR home purchased in August 2023. working on home to set up for STR Augu...
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Purchased a house in 2019 but the rehab / start-up carried into 2020 before being ready to rent. I understand most of what I've read about capitalizing start-up expenses and the $5000 rule. I read somewhere, can't f...
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Hi everyone, I'm a new investor and am still at the house hacking phase with my first single family house here in Houston TX. I bought the house a couple of years ago with 5% down payment which or course means I have ...
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I'm getting a cost segregation done on my cabin in the smokies. I'm filing out the information and I'm unsure of a question.In terms of non depreciable land value in the area, is a dollar amount or percentage allocati...
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Hi I am just starting out but realize i am uneducated with number analysis do you recommend any videos,podcasts or anything that would help? Thank you
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Is it possible to take depreciation on a residence purchased 30 years ago but converted to rental property over 28 years later?
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If I put $20k into rehab is that entire amount deductible? Also, will it, along with depreciation, offset penalty for cashing out 401k?
My 401k wasn't a lot so my 10% penalty is only a few thousand.
Thanks
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I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...