Andrew Sawczyn
Reduction in basis of a rental property by depreciation allowed.
I've had several homes (all initially built or purchased as personal residences) and calculating depreciation always seemed straightforward to me, but I am stumped at the following paragraph :From IRS publication 946 ...
Patrick Britton
Getting more interest in a listing outside of price reductions
Hi,I was wondering if anybody had any interesting ideas on how to generate interest in the listing outside of reducing price. For instance, has anyone used Facebook advertising with any success? How about direct mai...
Daniel Dietz
Inflation Reduction Act- Affect on ROTH Accounts and Roll-Overs??
Hello, After doing some reading and listening to multiple podcasts, it is obvious that the IRA Act has lots of improvements for retirement savings. One things that does NOT seem to be clear, at least to me, is how the...
Bonnie Griffin Kaake
How Does the Reduction in Bonus Depreciation for 2023 Work?
Start by stopping the panic. Cost segregation was viable before Bonus Depreciation even existed. And, before 100% Bonus was available under the Tax Cuts and Jobs Act (TCJA) in 2017, the bonus had already dropped to 40...
Nischal Belthangady
Home Mortgage Interest Deduction reduction & affect on CA RE
With the proposed reduction of the Home Mortgage Interest Deduction to $500k in the GOP Tax plan, wondering what the affect will be on Real estate in States with High Home prices: CA, NY, NJ, HI etc. Appears that this...
Brendan L.
Seller to make repairs before closing instead of price reduction
After an inspection, I asked for an additional amount off the selling price. Seller claims that the reduction won't clear his costs with the bank and realtor. He wants to take the repairs I noted and have his contract...
Aaron Motacek
Tax Reduction: Selling Non-Real Estate Company & Buying REI?
Hi everyone, tax question here.I have a family friend who is selling their long-time business, resulting in a nice paycheck for them, but also missing out on a lot due to capital gains tax. Obviously a 1031 exchange ...
Julio Gonzalez
Increased Audit Risk as a Result of Inflation Reduction Act
The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. As part of this new act, the IRS was allocated $78 billion to hire around 87,000 new employees through the end of 2031. Of the 87,000, not al...
Will F.
Seller Credit v Price Reduction -- Differences - Cap gains v prop
Hi I was thinking of whether I wanted to receive Credits vs a Price reduction for a property I'm purchasing in Long Beach, CA.As far as prop 13 benefits (for locking in Califonia property taxes) I could see a benefit ...
Logan M.
UBS is predcting a 275 basis point reduction in 2024
UBS yesterday released their prediction that the economy will enter a mild recession, unemployment will increase by 1% and this will cause the FED to move quickly around March 2024 to cut rates to prop up the economy....