Dan Lucchesi
Cost Segregation - A Red Flag For the IRS??
7 May 2024 | 13 replies
Just have your ducks in a row in case you are audited.
Ryan Tyree
Help understanding a LP K-1 net loss
8 May 2024 | 9 replies
Please ensure you get this fixed, it can become an issue if you were to get audited!
Alex U.
LTR lease as an STR
29 April 2024 | 5 replies
While this does technically satisfy the requirements on paper, it would never hold up under audit and would be considered evasion/fraud WHEN discovered (not if).
Ray White
Seeking Tax Reduction Strategies for High-Income Household with LTR Focus
2 July 2024 | 9 replies
For someone like yourself, you would likely have no problem meeting the requirements and likely exceed them with no stress of being audited.
Ryan Denman
How to raise money and form partnerships with non-accredited investors
3 July 2024 | 4 replies
They will cost $100k to get going and having to have an audit done to comply with sec requirements let me tell you is a blast (insert sarcasm).
Viviana Nicolosi
STR loophole/cost-seg-- Help needed!
24 May 2024 | 9 replies
or only if an audit occurs?
Kyle Kipka
Expenses across multiple properties
3 July 2024 | 9 replies
It is convenient, but it's an IRS audit flag having a $0 income "property."
Marty Rogachefsky
New Refrigerator - Capital Expenditure or Repair?
6 September 2024 | 9 replies
With that said, there is a de minimis election that allows you to expense any capital expenditures under $2,500 ($5,000 if your business has audited financials).
Gene Fereaud
Writing off "cash on top" of a financed duplex purchase
8 July 2024 | 4 replies
If they don’t, it could raise a flag for an audit.
Brett Hundley
Short Term Rental Loophole without Airbnb Permit
18 May 2024 | 3 replies
It is required if the IRS audits you later on.