So I keep hearing on different podcasts about the benefits of cost segregation and bonus depreciation for real estate investors. I just listened to a podcast that had an owner of a Cost Segregation company, and he sa...
A few weeks ago I published a post on FaceBook outlining the sale of my cabin in the Moonridge neighborhood of Big Bear Lake, highlighting how I was able to sell above list and also above the Zestimate. In the thread,...
Unfortunately, it seems that this Government wants to take away any kind of Debt Financing of either Business or Home.It's pretty much in the Republican Tax Reform policy that they are pushing ahead. What's even more ...
I have a townhome in Chicago that i lived in from Jan 1st - June 30th, 2011. I had this property rented from July 1st - December 31st, 2011. I had a flood in August 2011 which cost me $15,000 out-of-pocket to restore ...
I would like to make use of the special allowance. However, I would be filing as head of household. Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...
Just saw this article on the potential changes to the tax code which would impact REI. How would this affect the different real estate strategies like BRRR, multi-family, etc.?https://www.nytimes.com/2017/04/22/busine...
Hi everyone, I have a question about taxes. I know I need to talk to a CPA about this really, and I will, just wanted to hear form the community also.. so here is the deal: I am under contract right now on a 3/2 town...
My accountant has taken the position that health insurance premiums for full-time, self-employed real estate investors are not deductible on Schedule E since real estate is not technically considered a business ...
1) Standard deduction and personal exemption combined and seems like everyone is getting more... so its a wash IMHO.2) Less deductions for those who don't have a business like real estate investments. Sigh... it just ...