Bonus DepreciationIf i purchase a new construction as investment and put in service for rental, upgrades on top of the base price of the House(As sold by builder), can I deduct it on year 1? Example, if I upgraded t...

I'm a new realtor (mid career shift with a spouse that's still salaried). I'm making a number of life changes over the next 6 months that will have a large effect on my taxes. I've been searching for understanding on ...

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

Hey y'all! I've been diving into the world of cost segregation studies and its pretty neat. TLDR - it accelerates depreciation and you greatly reduce the amount of taxes you owe. Let me know if you have experience wit...

I am currently in the market for a new/used vehicle. I have been debating spending a little more for a larger vehicle in order to take advantage of the Section 179 write off. I already have an LLC that I plan to title...

Hi Everyone, In March 2022, I bought a home in Seattle with the intention of doing STR. Unfortunately, the setup took about 1 year due to logistical delays in delivering window shades, multiple attempts to install of ...

My wife and I keep our financial accounts seperate, and simply share a mutual credit card that we equally contribute to for mutual expenses (mostly groceries).  I purchased 2 houses with my own finances in 2017, which...

So i'm wondering how do I calculate insurance premiums for tax purposes?Lets say my coverage starts June 15th 2017 to 2018 and its $400, and my next premium is from June 16th 2018 to 2019 for $500.  If i'm looking to ...

Morning,
            I was wondering that because I am in the military and Teleworking from home can I deducte anything that I buy in regards to working from home? Like computer moniors, chairs & associated items...

I was approved to buy a second house to live in so that I can rent out where I currently live. I am going to try and rent the house I currently live in for $1700 a month and my monthly payment is $1321. I am new and t...