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So I have tons of questions about how depreciation is actually calculated, but I will start small... Many references say you calculate the yearly depreciation in the value of the building(not land) at purchase and div...
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Suppose I purchase a property for $200k. Is my depreciable base the entire $200k or do I have to back off the amount that is considered land?
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There is a show on TV where guys go searching for ginseng in several parts of the U.S. Apparently, the ginseng root yields high profits. These guys go looking in wooded areas and sometimes they find a spot where there...
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Good morning,as I am very small I am trying to fill my tax return for my duplex by myself.The IRS documentation seems clear but not on houses depreciation.My doubts are:1) Should I start using depreciation from the fi...
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I just read in a book that you can depreciate your investment property. Does anyone know the formula for doing this?
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Hello all, my name is Andrew Bitler. I am a small real estate investor with big problems. I recently joined a bunch of forums because there is an important issue I need to investigate. I am utterly confused about a ce...
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I'm new here and new to REI, but I'm curious what the tax laws are regarding depreciation in CA. I know someone who has a property in CA and they said they weren't able to depreciate anything. They have a CPA doing ...
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Question for BP. Are there any of you that qualified for GOZONE tax treatment and filed a tax return for 2007? I'm filing my first one this year and wondered if any one did it for last year.
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Going to be diving into some rentals here in the next few weeks. I'm actively making deals, but most out this way want too close to Market value as supply is diminishing. I have built an LLC for my active Flipping ...
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I’ve read conflicting answers on depreciation and how or if it can be used against w2 income. I have decided to get started investing in rental houses and I’m trying to understand the tax side before buying anything. ...