Reliable and Cost-Effective Drain Services in Cleveland, Ohio As landlords operating in Cleveland, Ohio, we have often faced challenges finding a cost-effective and consistent drain service provider. This struggle con...
I am getting a bit confused about what capital improvement costs for my real estate portfolio can be immediately expensed vs need to be added to my basis and depreciated over time. I am further confused by the concep...
I relation to depreciation and rental properties, I think I have a pretty good handle on how the IRS regulations work.
Purchase price and repairs up to the point property is placed in service, are the base 27.5 year ...
Hi everyone!
That new podcast got my tax juices flowing. One part that struck me was about capital improvements and placing your property in service. I purchased my first property (duplex - house hack) in mid Decem...
I read somewhere that when you are remodeling a house to rent that some of the repairs actually can be written off in the year in which the remodel takes places and that it all doesn't have to be included in the cost ...
Can I claim 100% bonus depreciation for tax year 2018 on a new air conditioner for a residential rental property?
Hi. I am new here and would really appreciate some help.
I switched my home into a rental mid year. I had to do bunch of renovations in order to rent it, such as redoing a whole shower that wasn't functional plus so...
Hi All,
I am just starting out and this one question keeps stumping me. Here it is - The house is in my name. The house will be rented in 6 months. I will be doing approximately 7k worth of updates to the house. ...
I've done a few searches here, and I think I have a pretty good idea of what I need to do.
I purchased my first rental property about 45 Days ago and I'm still renovating the property.
I purchased the distressed REO...
I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...