I have a commercial property that is deeded commercial and it runs under a LLC. It’s 3 floors. The first floor is rented to a retail store, the second is rented to a residential tenant, the 3rd floor is temporally uno...
Hi everyone,
I own a 3-bedroom, 2-bath single-family residence that I purchased in September 2023. I currently rent out two of the guest rooms and am living in the rest of the house. I understand that I need to prora...
Hello,I was reading a book on Cash-flow and came across a topic on depreciation.I understand what it is and how to calculate it for a commercial property.. however I'm unsure how locate the value of the land a buildin...
I am deciding about starting to invest in syndications, does anyone have resources that discuss the depreciation benefits? My primary goal in investing in real estate is to lower my taxes.
I believe the US Senate added HR 9395 (the bill to modify bonus depreciation back to 100% for 2023,2024 and 2025) as an amendment to the FAA reauthorization bill in the Senate. Does anyone know if this now has to go b...
I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation.
If I manage the property on my own next year (2025),...
Hey everyone, i had a question about depreciation, i will give you my situation as an example. i currently own 1 single family that i have been renting out since 2021 and i just bought a duplex in march of 2024 in whi...
We need to fill out From 3115 as depreciation was not claimed for five years on our property. Besides having a CPA do our entire taxes is there assistance with just this form anyone knows of?
more info on section 8 needed in Richmond Virginia ?!
Can anyone provide some insight on commercial property and depreciation? It is my understanding that commercial property (i.e. A warehouse) is depreciated over 39 years.
This longer life would negate some of the ta...