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Tag: tax

New Tax Guidance For Owners of Real Estate Part III “Materials and Supplies”

By on October 28, 2013 in News with 0 Comments
New Tax Guidance For Owners of Real Estate Part III “Materials and Supplies”

As a real estate investor the benefits of the new IRS regulations are exciting, well, as exciting as tax regs can be. Last blog, we delved into routine maintenance and prior to that the small business safe harbor. Today I’m going to discuss materials and supplies. Materials and supplies are defined as tangible property used and consumed in the taxpayers […]

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New Tax Guidance For Owners Of Real Estate Part II “Routine Maintenance”

By on October 23, 2013 in Education, News with 0 Comments
New Tax Guidance For Owners Of Real Estate Part II “Routine Maintenance”

In my October 21st blog called ” New Tax Guidance for Owners of Real Estate Part I “Small taxpayer safe harbor” I discuss the finalization of the IRS regulations that will help you determine if an expense to repair or replace an item at your residential or commercial property can be taken in the current […]

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New Tax Guidance for Owners of Real Estate Part I “Small Taxpayer Safe Harbor”

By on October 21, 2013 in News with 0 Comments
New Tax Guidance for Owners of Real Estate Part I “Small Taxpayer Safe Harbor”

The IRS recently released final “Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property”. The 222 pages of regulations explain (at length) how to deduct improvements and repairs to both commercial and residential properties. The new regulations take effect the beginning of the next calender year and surprisingly have some benefits for owners […]

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Track Property Improvements and Depreciation

By on December 6, 2009 in Product Updates, Rentec Pro with 0 Comments
Track Property Improvements and Depreciation

We are pleased to announce a new feature-set to Rentec Direct.  Landlords/property owners can now quickly and easily track their depreciable improvements and report on them with just a click at tax time. To use this new feature, simply select the box that says ‘this is a depreciable improvement’ when entering an expense for a […]

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