Let’s say you purchase an office building for $14,000,000 and the value of the land that the building is on is $2,000,000. You have $12,000,000 in depreciable assets. Without a cost segregation study, you would deprec...

The basis for cost segregation and the MACRS approach (The system utilized by the IRS for the purpose of depreciating eligible assets) is to identify real property from personal property. Tangible personal property, s...

Hey everyone! Let me know what what you all think on this one. This is in a C class area. View report
*This link comes directly from our calculators, based on information input by the member who posted.

Hi, I Live in San Diego CA and have inherited 350,000 after taxes . I lost my job after going home to take care of my ailing dad who passed away . I sold his my share in business in India and moved back here. There is...

Hello everyone! I have just completed a rehab on a buy-and-hold, and am looking to do a cash out refi with a conventional 30-year loan. The appraisal came back at $110K and I am confident it should be closer to $120K....

Hi BP,

I'm preparing my taxes and am trying to determine the value of depreciation that I can write-off on my taxes. Where do I find the cost basis (value of structure) for my rental property? Is it on the county web...

So a house across the street is owned by an individual. His tenants that lived there before were a mess. We, as in the neighborhood, had issues with them on many occasions. We called the police multiple times due to l...

Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year.  I would classify each of t...

I own my home and would like to buy a new home to live in while turning my current home into my first rental. I have significantly improved the value and it has probably appreciated a bit on its own. My question is do...

The house was a primary residence, then a rental, and now I'm living in it again for now. The roof needs to be replaced. If I replace it now while living in the house, can I begin depreciating the remaining life of th...