All Forum Posts by: Bill Y.

Ben,

Yes I have two that I just listed on the MLS, one just listed today and one about a week ago. Feel free to message me and I can get you info if you want to see them.

-Bill

I have a great duplex for sale. I am only selling because I will be relocating out of the state and would prefer to not to manage at a great distance.  This property cash flows very nicely and is in great shape.

Currently getting $1400 on one side and $1250 on the other. Both could bring in $1400, however I have not raised the rent on the 2nd unit that has had the same tenants in it.

I also have a couple other duplexes that I will also sell.

I have lots of inside and outside pictures of the property and would be happy to discuss it so if you are interested just let me know.

Note it is 1332.5 sq ft on each side finished and 395 sq ft unfinished.

Great location in Madison....10 min from West Side, 10 min from Down Town, 15 min from east side.

Curt,

Did you ever find an answer to this question?  Are you able to put these yellow letter costs, etc onto the Schedule E?

-Bill

Brandon,

Thanks for the explanation and blog link...that makes sense.  Do the De Minimis items show up under a line item in the Schedule E? Is there a separate form just for listing all of the De Minimis items?

Thanks!

Brandon,

Is the 2% adjusted for a partial year ownership?  For example of a property were purchased and rented for 130 days of  the 365 would the 2% be calculated for that year be based on 2%*180/365*(Unadjusted Basis) or would it still be 2%*(Unadjusted Basis)?

Do small tools like a hammer or shovel fall under this 2% as well?  Do these fall under the safe harbor de minimis rule?  If you deduct say 4, $400 items under the safe harbor de minimis rule would that $1600 also show up under the 2% small taxpayer safe harbor rule?  (i.e. can you have 2% under small taxpayer safe harbor + some items that fall into the de minimis rules)?

Thanks!