Hey guys! I own a property management company and also a moderate size portfolio that we self-manage. Some of my employees are starting to get reimbursement costs to go through the roof as we extend our property manag...
Can you take a section 179 deduction for a vehicle purchase and offset taxes as a sole proprietorship? Have not been operating under a business/llc, just under my own name. Have some capital gains on short term flip...
So I am at a point where I am considering a new car. Nothing fancy, a 2016 Hyundai Accent that is on sale for $11k. I would be paying cash.I am at a dillema as I am not sure if it's a smart financial/reliability move....
So an idea crossed my mind and I've done a little thinking about it. Wanted to see what the community's opinion is on it and if they feel it could be a good idea.General Info on my situation:Primary vehicle: No paymen...
I am currently in the market for a new/used vehicle. I have been debating spending a little more for a larger vehicle in order to take advantage of the Section 179 write off. I already have an LLC that I plan to title...
Has anyone ever done two separate deals at the same time? When I've closed deals before using conventional financing the loan officer tells you not to open any new lines of credit, vehicle purchases, new mortgages, et...
I just purchased a foreclosed property in Des Moines, Iowa that has an abandoned car and boat on the property and wondering what I can do to have these removed? I don't have title so many places I have reached out to ...
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
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 ...
Have 3 rental properties, using one as Air BNB. Use an old truck for daily home depot runs for repairs and maintenance of properties. Also drive to Air bnb almost daily to clean unit. Last year only wrote off milea...