Check out our informative discussion about the benefits, tax saving calculations, cash flow calculations, and way to build wealth and equity by purchasing an apartment building to live in one apartment and rent the others, sometimes known as “House Hacking”. Features Ben Frederick, Cheryl Sadera, Tom Fair, and Will Cannon. Recorded December 8, 2020. https://youtu.be/cHzZk0BfUfY
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This was just posted by the National Association of Realtors Legislative Affairs office: Eligibility of rental income If you generate rental property income, that income can also qualify for the new deduction, as long as you can show that your rental operation is part of a trade or business. The IRS has released proposed guidelines…
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The new tax law allows Bonus Depreciation on used equipment and equipment affiliated with residential rental real estate providing significant tax benefits for investors who purchase or place-in-service buildings and building components after September 27, 2017, according to Tom Wheelwright, CPA (https://wealthability.com/tom/). Investment real estate has 4 components: Land – not depreciable, Building – depreciated…
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Congress and the President gave the country a huge Christmas present with the signing of the “Tax Cuts and Jobs Act” on December 22, 2017. We have all heard varying accounts about this new tax law; but what is the impact for rental property, apartment property, and commercial-investment real estate owners and managers? Our models…
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