David Egger
Section 179 Question - Vehicle Purchase and using mileage on previous vehicle
With the section 179 deductions, I know I'm allowed to accelerate depreciation of a vehicle based on business use. However, the vehicle in question was purchased in mid-December 2012, and I only put a couple hundred ...
Amy Raye Rogers
Can I write off the purchase of a vehicle for tax purposes?
I'm considering purchasing a vehicle to do showings as an agent. Can that purchase be deducted? Is it better to create a depreciation schedule for it? CPA friends, help!
Drew Whitson
Owning a vehicle in my LLC: Tax Questions!
My wife and I have an LLC which holds a small portfolio of single family homes. I am considering purchasing a vehicle to be titled in the LLC. My thinking is that the deprecation + gas + insurance + maintenance i...
Rob Tossberg
If I put 25% down does the bank care about my Income? Advice?
Hi!I'm self-employed and looking for a multi-family for investment purposes. I'm going back and forth on declaring my income for 2016 - and taking the hit with taxes - or not declaring and keeping the money that woul...
Hannah Kingslien
How To Deny Tenant Application
Hello everyone,My husband and I just bought our first rental house in Beloit Wisconsin, and are in the process of finalizing our Tenant Application.I was wondering how to go about disqualifying applicants in a respect...
Philip Williams
first mobile home deal almost complete!
A couple weeks ago while driving I happened upon the 75th episode of the bigger pockets podcast. I had heard this podcast before but as with many of the podcasts they all seem like such great ideas you don't know whic...
Allison Cannie
Rental properties to LLC in NC
I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Mehran K.
Insurance Advice: $1MIL Liability Coverage - Do I need an Umbrella Policy?
Hi all, need a little advice on Umbrella Coverage.
Right now I'm buying&holding residential properties(1-4) that are under $100k appraised value. I don't plan on using an LLC yet so I can make financing into conf...
Dave Kush
Buy car cash, or finance and use cash to invest?
Thank you for reading my question.
I have been saving up cash to buy a truck, which I'd be using for both business and personal purposes. Assuming I can get a good rate on auto financing, wondering if it would make...
Matt Dabek
section 179 vehicle and tax benefits
I need to change my old SUV that I used 100% for business and I have a couple of questions that I need answer on before I will make my decision.I base my thoughts on fact that president signs $500,000 section 179 dedu...