Author: Aj Lyons
30
May
Adjusted Basis To figure your property's basis for depreciation, you may have to make certain adjustments (increases and decreases) to the basis of the property for events occurring between the time you acquired the property and the time you placed it in service for business or the production of income. The result of these adjustments to the basis is the adjusted basis. Increases to basis. You must increase...
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30
May
Basis of Depreciable Property The basis of property used in a rental activity is generally its adjusted basis when you place it in service in that activity. This is its cost or other basis when you acquired it, adjusted for certain items occurring before you place it in service in the rental activity. If you depreciate your property under MACRS, you may also have to reduce your...
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26
May
Disclaimer: We are not accountants, lawyers, or financial advisors, so please consult your own team of professionals about the topics covered in this article. Real estate investing offers numerous tax advantages, but not all investors are taking full advantage of these benefits. In this article, we'll explore the concepts of cost segregation and bonus depreciation, two powerful tax strategies that can significantly accelerate depreciation and maximize...
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26
May
Cost segregation is a powerful tax strategy used by real estate investors and developers to maximize their tax savings and achieve financial success. It involves reclassifying specific components of a building as personal property instead of real property, allowing for quicker depreciation of these components and resulting in significant tax benefits for the owner. In this article, we will explore the process of cost segregation,...
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06
Feb
https://www.youtube.com/watch?v=Zs7ta_WV4Tk ...
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06
Feb
The real estate market continues to grow, even with changes to tax incentives such as the reduction in bonus depreciation from 100% to 80% in 2023. But with cost segregation and other tax strategies, real estate investors and developers can still enjoy significant tax benefits. Cost segregation involves reclassifying assets within a property, such as electrical systems and plumbing, as personal property for faster depreciation. This...
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06
Feb
As a business owner, you are always looking for ways to reduce your tax liability and maximize your tax savings. One way to do this is by using tax incentives such as bonus depreciation and cost segregation. What is Bonus Depreciation? Bonus depreciation is a tax incentive that allows businesses to write off a portion of the cost of new or used assets in the year they...
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