As we work towards becoming more green, did you know there are actually two energy efficient solutions that you can utilize with your real estate property? And better yet, you get tax credits and tax deductions for ut...
New investor here. I recently purchased one parcel containing two warehouse buildings. One of the buildings is in disrepair and not in leaseable condition. The second building is partially rented with one tenant. Woul...
Hi there,I am selling my rental property as a teardown to a builder. The value is in the land. I was wondering , since it's being bought as a tear down, if I would still have to pay income taxes on the depreciation r...
I live in Orange County, ca and want to know how to figure out how much I can use for depreciation in my taxes. Not my house but can you show me how to find depreciation value for below addresS:7692 Alhambra DrHunting...
Thanks to the huge tax perks available to those who build more green properties, it’s a win-win scenario of being able to help the environment while also being rewarded financially. If you’re a builder, homeowner or i...
I am looking a 16000 SF building in a historic part of town. I am aware of the state and federal government offering developers tax credits for rehabilitation and preservation of certain buildings. This is one of thos...
I bought a building with a partner several years ago. But the building and loan were both under my name. My partner was not on any official record. Recently we sold the building. I'm just wondering how to handle the c...
A cost segregation (seg) study is a detailed analysis of the components of a building so that the separate components can be separated and classified into shorter depreciation lives. By performing this study, building...
Lets say you buy 5 properties using 1031 , when you go to sell do you have to sell them all at once? If not, how are taxes then taken out. Lets say the funds in the 1031 were 500k that I purchased 5 properties with ...
Hi,
I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?