Tony Hightower
401K Roth conversion .... Solo option
I currently have a 401k with my employer with a mid 100's balance. I also have the ability, self employment, to open a solo401k with the intention of eventually rolling over my employer balance if I retire or forced t...
Anna Thanopoulou
First year depreciation in STR
Hi everyone. We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct again...
Jeff Goff
Depreciation on repairs?
I may understand this wrong, but under the new tax code capital improvements can be taken as a deduction rather than depreciated. Is That right? Specifically I had to do a new water heater and a $4000 foundation repai...
Julio Gonzalez
Is my property a good candidate for cost segregation?
All properties are eligible for a cost segregation study as long as they are investment properties. This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is ...
Marc Dube
tax deductions for purchase & repair
Im looking at buying a SFR home as an investment. If I buy a home that needs significant repair, what can I deduct and is there a limit?
Leon Meytin
Tax deductions short-term rentals
Hello all, had a few questions regarding short term rental deductions1)For those doing short-term rentals, do you typically get the 20% Pass through deduction, and if so, how?2)Do most repairs (not large capital impro...
Cherry Patterson
Couple questions about passive MF investing
Hello everyone,I am going to invest in some syndications and i wanted to raise a couple questions here for advice.1. my SFHs I have in LLCs. What are the advantages of putting the MF investment into a disregarded LL...
Colin B.
GOP Tax Bill - W2 wage limit vs. employment income
Trying to make sense of the tax bill - the last minute "Trump/Corker" clause seems to be a big handout in that we will be able to at minimum, take 2.5% of our capital basis as an extra deduction against NOI no matter ...
Natalia Barriuso
Bonus deprecitation, items that qualify
Does a new fence installation qualify for bonus depreciation? I am in the middle of a big renovation project and I am looking to maximize my bonus depreciation opportunities here. So far, I have kitchen, driveway, lan...
John D.
Tax question about rental vs flips
Good Morning,I thought I saw a thread here several months ago relating to what can and can't be deducted on rental properties vs. flips. Unfortunately, I cant seem to find it now.I have a home that I initially intend...