Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, fr...
Russell Brazil
How To Claim The 20% Pass Through Deduction? Section 199A.
I was looking over the schedule C form, and I dont quite see how one claims the 20% pass through, QBI. Any of you tax experts out there have guidance? @Brandon Hall @Natalie Kolodij
Derek Smith
Mortgage Interest
I know that you may deduct mortgage interest paid back to a loan, so I'm curious to know is the interest paid back 100% deductible or only a portion?
Sasang Doc
Renting a business property to my LLC
Hello Fellow BPers,
My LLC owns a business property where I’ve run another LLC business for the last 17 years. I’d like to start renting to myself (my LLC commercial prop renting to my LLC business running out of it ...
Bette Hochberger
Leveraging Opportunity Zones for Tax-Advantaged Investments
Investing in Opportunity Zones can offer significant tax advantages, including deferred and reduced capital gains tax and tax-free appreciation on long-term investments.Key Points:
Tax Deferral: Capital gains reinves...
Peter Chaniotakis
CA House Flipping Entity/Tax Planning
Hi Everyone,I hope everyone is doing well. I have two questions that I am hoping someone could shine some light on. First, I want to start house flipping in CA full-time and I am interested in the best possible way to...
Willin Smarda
Help PLEASE with calculating DTI for Rental income against PITI
Hi all,
I understand from the many post that only 75% of the rental income is considered as income -PITI= $$$ <- if positive, additional income, if negative, additional debt.
I came across a recent post that is ...
Derrek H.
Is it worthwhile to protest property taxes in Oklahoma for 1-4 unit properties?
Hi BiggerPockets Community,
Question: Is it worthwhile to protest property taxes in Oklahoma for non-homestead, 1-4 unit properties (ie, small residential properties) only if you can limit the increase in taxable val...
Joel Allen
DoD Releases 2022 Basic Allowance for Housing (BAH) Rates
The DoD recently released the 2022 Basic Allowance for Housing (BAH) rates for military service members. BAH rates will increase an average of 5.1 percent when the new rate takes effect on January 1, 2022, which is t...
Ragav Go
Moving a 1031 exchanged property to a partnership LLC
Hello - I did a 1031 exchange of my single family rental property (the Title was under my personal name) to a multi-family property a couple of years ago and the multi-family property was Titled under a single member ...