No video :(

Can I Depreciate Appliances in a New Rental Property? [Tax Smart Daily 034]

Подписаться 21 тыс.

Просмотров 3,4 тыс.

50% 1

If you want to accelerate depreciation, a cost segregation study will show you all of the components of your rental property, including the appliances. You'll then be able to bonus depreciate any component with a useful life of fewer than 20 years.
-
Here are 3 ways to get involved:
1: JOIN OUR FACEBOOK GROUP
/ taxsmartinvestors
If you haven't joined the Tax Smart Real Estate Investors Facebook community, you need to jump on it ASAP! You'll get details on exclusive Live Q&As that I'm doing, updates on everything tax and accounting, and early access to events and content.
2: FREE TRIAL OF OUR NEWSLETTER
hubs.ly/H0-r1Tf0
Interested in getting our premium Tax Strategy Newsletter every Tuesday? It breaks down the nuances of real estate investor taxation in an easy-to-read manner and contains investor tools and presentations.
3: WORK WITH US
hubs.ly/H0-r1Tf0
Interested in working with our accounting firm at The Real Estate CPA? We are a boutique CPA firm providing advisory, tax, and accounting services to real estate investors and business owners across the U.S.
Let's connect:
Facebook: / realestatecpa
LinkedIn: / brandonha. .
Twitter: / therecpa
Podcast: www.therealest....
Website: www.therealest...
Subscribe to our Tax Smart Investors Newsletter for exclusive content and tax updates: share.hsforms....

Опубликовано:

6 июл 2021

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 3

@tachedout5325 2 года назад

Great video. 1. Can you do accelerated depreciation on a single family home? (I’m guessing it’s not worth it, more curious) 2. If I upgrade an improvement (flooring, paint, countertops) I know these technically need “capitalized”/depreciated. Is this what you would recommend doing for these types of items on a sfh rental? Do you have a video/explanation of this topic? Thanks!

@braceyourselvesfortruth2492 Год назад

Try to 'repair' rather than 'replace' as much as you can. Repair is a deductible expense, meaning it is immediately realized against the profit. Replacement/renovation/improvement is a depreciated expense, meaning it is merely deferred until the property is sold. Both can be very valuable tools, but deductible expenses are better dollar for dollar, but sometimes depreciation can't be avoided. And yes, accelerated depreciation can be done on SFH.

@johnb9710 Год назад

Hello I purchased a commercial property back in 2014 in California for $740K. My CPA follow the tax bill that time which was $600k for land and $140k for improvement for depreciation. $140k for improvement depreciation is very low. Is there anything we can do now?