Carlos Ptriawan
Investing mindset when everything Virtual/AI is more valued than everything tangible
We are coming to the new era where company that sells virtual reality , virtual real estate and AI like Nvidia , Meta or Microsoft ; and also "virtual" coin like Crypto is valued way way higher than real actual tangib...
Wai Chan
Tax write off for rental property in Turbo tax
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
Julio Gonzalez
Example of Bonus Depreciation
In my previous post, I talked about the different property classifications to help separate real property from personal property. Identifying your personal property helps you determine the portion of your building tha...
KS Hanley
Does Higher Market Price Actually Equal/Yield Higher Rents?
Hi,Housing prices have inflated over the last year and a half significantly.For example in a market where in mid 2020 a two-family was priced at 160K, it is now priced at 260K.My consistent question is does this price...
Mary Joe
FLORIDA out of state investor need to file Florida return?
Hello, Florida is NOT my home state, I have a rental property in FL, do I need to file FL state return? Turbox Tax prompts me to start a FLORIDA return but I am not sure if this is really necessary for out of state...
Andreas W.
Water heater, a personal property and therefore de minimis?
Can I deduct a new water heater after the old one stopped working using the de minimis safe harbor? I have not found any reference for that.
Bryan Boulware
Adding value to a relationship?
How did you add value to a relationship between you and a realtor or contractor etc. without anything tangible. Before you had a pipeline of leads and deals you could offer to other people that didn't work.
Taking...
Ben Jacobs
Residential Parking Rent & WI 5% Sales Tax
Landlords differ in "opinion" and "assumption" regarding parking fee WI sales use tax of 5%. The WI tax law is not very clear as the DOR says:Sales tax is imposed on retailers who make taxable retail sales, licenses,...
Mark Forest
Sewer line fix capitalize or expense
Hello, I have asked this question before, but after doing research I must disagree with the original poster. I spent almost $5K to have a plumbing company dig a hole in my yard and put a $6 boot on a cracked sewer li...
Yonah Weiss
Opportunity Zones paired with Bonus Depreciation?
Everyone has heard about the potential tax benefit of Opportunity Zones, but has anyone noticed the even greater potential when combined with bonus depreciation. Our tax counsel pointed this out to me, and I was wonde...