Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Milos N.
Basic depreciation understanding self check
Hello gurus,I am trying to teach my self how does this all work. please let me know if my understanding is off.Yes, I know I should hire a professional, but I like to understand things my self.Facts: property bought i...
Chris Clemptor
More questions about depreciation
Thanks to everyone who responded before, this forum is so great. I'm a first time landlord, I rent out half of my house. I'm trying to find out my depreciation number and more questions have come up. I understand I c...
Maugno M.
Filing my taxes properly on my mobile home rentals.
Back in the end of 2015 i bought 6 acres that i have been developing since. This past year in 2017 i placed to mobile homes on the land, did the septic sytems, electric service, water service, etc. I officially was do...
Mindy Jensen
You Can NOW Attach Files To Private Messages!
The Private Messaging system now supports attachments!Want to send a file to a colleague? Click Choose File underneath the Private Message window, and attach not one, not two, but up to TEN files!!! __________________...
Derek Buehner
Tax deductions on a remodel for a future STR while living in it.
I currently live in a single-family primary residence. Next year, I plan to purchase a second home and move into it. I intend to rent out my current home as a short-term rental. Before listing it on an STR platform, I...
Derek Heinz
Renovate before renting out?
Hello, all. A quick question to which I'd appreciate feedback and guidance: I am considering making my primary a rental. That's a whole different discussion as to whether I should sell or rent it.... But putting that ...
Kyler J Sloan
How to Claim Passive Losses without getting Audited
I have poured my cash into STR construction projects, and so actually have a loss which nearly equals my income.Using the "STR Loophole", this should enable me to deduct these expenses from my W2 income. However, this...
Yonah Weiss
100% Bonus Depreciation following up the recent podcast
If you listened to the newest Podcast about how the tax reform affects real estate investors (if not here's the link):https://www.biggerpockets.com/renewsblog/biggerpockets-podcast-269-how-the-new-tax-code-affects-you...
Tyler Divine
*Tax Pro Question* One year clock on new home build?
Quick hypothetical question for Tax Pro's out there:If you have purchased a lot to build a home on, when does the one-year clock start to switch from short term to long term capital gains?Does it start when land was a...