All Forum Posts by: John Duston
John Duston has started 5 posts and replied 203 times.
Post: 31 Rippon Ave
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $188,000
Cash invested: $192,500
Turnkey home in the City of Hillsdale. 3 bed / 2 bath home
Post: Advice for Entity formation (Reside in CA, investing out of state)
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
Unfortunately, you would have to register in CA as you have nexus here. CA is also a stickler about this
Post: Southern California real estate attorney
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
Quote from @Travis Andres:
Quote from @John Duston:
I know one in Santa Barbara and another in LA if you still want a referral.
thanks!
Will send you a DM
Post: How do rich pay zero taxes legally?
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Mary Jay
If you own real estate and pay taxes, buy more
Post: Santa Barbara Informal Meetup #21 - Third Window!
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Baird King
Will be there
Post: Cost Segregation beneficial for older purchased homes
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Edward Alicante
There's a good bit more effort as you'd have to file a change of accounting method
Post: CPA, Financial Advisor, Experiences Investor: LLC Help please
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Jessica Lamont
It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C
Post: CPA, Financial Advisor, Experiences Investor: LLC Help please
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Jessica Lamont
It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C
Post: CPA, Financial Advisor, Experiences Investor: LLC Help please
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Jessica Lamont
It depends on each individual. There's no one size fits all. Also talk to a lawyer and insurance agent, not just a C
Post: Writing off expenses on a property bought in December
- Accountant
- Santa Barbara, CA
- Posts 213
- Votes 66
@Brady Ascheman
I second Linda's answer. You can claim all of your expenses as an increase to the properties basis but as the property isn't in service this year you're not gonna be deducting very much on your taxes this year.