It makes sense to define real property for tax purposes when discussing real estate tax.
Under 1.856-10, real property is actually defined as land and improvements to land. Local law is not controlling. Although this...

Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...

Hello, I'm mostly writing to confirm my suspicions as the regulations are a little unclear/I'd appreciate a second set of eyes to make sure I'm not completely off-base. I'm looking at the proper treatment of the de mi...

Hello,
My name is Homer Wanamaker with Bay Hill Environmental. As you may already know, the state of New Jersey is implementing a new Lead-Based Paint Law in Rental Dwellings (link below) starting July of 2022.
I ...

Another thing I thought I would mention in regards to cost segs is they generally increase the amount of tangible personal property, which is really anything but real property and intangible property.The definition of...

Tangible Personal PropertyIn Reg. 1.48-1{c}, the IRS defines tangible personal property as “any tangible property except land and improvements thereto, such as buildings or other inherently permanent structures (inclu...

hi big pocketers,

Just want to know how do you define your market for sure and the trends that are taking place to make reports out to attract private money into your deal?

Pretty much, How do you get t...

I'm scheduled to meet with a contractor tomorrow. The work needed, from my eye isn't much... carpet, paint, tile. Other than carpet, I could do the work myself, but I've learned it's much better to hire out and spe...

Is a real estate license required (specifically in the state of FL) to operate a STR property management company? If for example someone were to manage the bookings and market the property on air bnb or VRBO on the ow...

I have heard that depreciation can be accelerated on all but the land - which cannot be depreciated at all.  After some investigation, it appears that even the building itself can only be depreciated for 27.5 years an...