Great stuff Jason! As a CPA myself, im happy to see a more cost effective option for the small investor. I would love to know how their reports have stood up under audit. I will be reaching out to them for sure.
If i convert my primary resident that i purchased 6 years ago to a rental, what value do i take depreciation? Purchased price 6yrs ago or market value? Thanks.
your accountant will put it inside of what is called a DEPRECIATION SCHEDULE, you may already have one on your taxes if you've made a large purchase, or bought a car for business. in this schedule they will list the invididual costs of the components of the house
Great stuff Jason! As a CPA myself, im happy to see a more cost effective option for the small investor. I would love to know how their reports have stood up under audit. I will be reaching out to them for sure.
This video is gold! Wish I had seen it before!
This is such an awesome strategy!
Anyone done the cost seg themselves through this software? How easy is it to do it? Can the average person do it easily?
awesome app!
We agree!
If i convert my primary resident that i purchased 6 years ago to a rental, what value do i take depreciation? Purchased price 6yrs ago or market value? Thanks.
It's the cost basis, aka what you paid for it + cost of any improvements you've made
Questions but then how do you put it in your tax return??
your accountant will put it inside of what is called a DEPRECIATION SCHEDULE, you may already have one on your taxes if you've made a large purchase, or bought a car for business. in this schedule they will list the invididual costs of the components of the house
coupon code does not work anymore. Have a new one?
It worked for me. I just used it today