Roseann Koefoed
Solo 401k for RE Investing
2 May 2024 | 9 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Larry King
Accelerated depreciation on primary residence turned STR?
21 April 2024 | 8 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
David Benjamin
Is real estate investing better than stock investing?
18 January 2024 | 34 replies
It also has expensive transactions which necessitates long hold times (and helps prevent panic selling but leaves the equity relatively inaccessible).
Frank Apap
Short Term Rental Tax Advantages
26 March 2024 | 5 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Yue Tian
AirBnb Expense Writeoff
18 April 2024 | 3 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
18 April 2024 | 3 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Account Closed
Tax considerations you MAY NOT KNOW about short term rentals
17 February 2024 | 11 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Peyton LaBarbera
How do you protect your properties?
12 February 2024 | 20 replies
Also, I'm sure that someone can correct me if I'm wrong, but I'm relatively certain that this necessitates you to work with cash or private money.
Stephen Collins
How do you scale your business so quick?
18 August 2019 | 106 replies
This necessitates either reinvestment of profits back into the business and/or some type of equity partner - either limited or active.
Cal C.
Poll how much money has BiggerPockets made for you?
14 April 2019 | 205 replies
I'm not saying you're wrong, clearly you have been very successful, but to me the risk mitigation factor alone necessitates having some kind of money partner.