Alexis and Dean
Region: US
Thursday 13 February 2025 00:52:54 GMT
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Mamauchi80869 :
His level of his irritation or maybe realization that we are financially clueless makes me giggle every day 😂😂😂
2025-02-13 01:42:59
278
_fusionwellness :
Couldn’t have explain it any better
2025-03-15 00:59:10
0
No name :
The amount of financial literacy is so low, is unreal and scary. Love your posts
2025-02-13 10:36:33
55
chev96lt1 :
Real estate doesn’t depreciate
2025-03-13 18:15:49
0
a1x_angelo :
This is why education is so important. People are more opinionated than informed.
2025-02-13 02:12:22
704
Victor B :
Descendants don’t pay due to step up basis.
2025-02-13 01:05:30
10
Brett Russell :
If I buy something for 150 this year and it’s worth 250 a year later that’s appreciation. Unrealized but still appreciation. How can you write off something that is appreciating? It’s wrong IMO.
2025-02-15 20:06:04
0
Chloe :
🙋🏻♀️CPA here and partner in a Big4: depreciation is for assets that are put in productive use to generate revenue. A personal home doesn’t generate revenue. A rental property does generate $$.
2025-02-13 04:51:10
94
Hk_fooey :
Recapture sucks.
2025-03-08 15:54:39
0
BYoung001 :
you have to pay cap gains on the depreciated value of the property. so if you depreciate it to 0 you need to pay cap gains on 100% of the asset and the added value.
2025-03-14 16:16:34
0
Ping Pong Gambler :
Love how dean acts like he’s doing something before she walks in
2025-03-14 08:43:46
0
FeedUrRobot :
So… the pro tip is form a business, put the house into the business’ name, and then rent the house to yourself.
2025-02-13 01:20:56
41
troutflyhighguy :
Oh the recap got me maybe not
2025-03-06 12:53:15
0
gibsonjosh79 :
If property is inherited, the basis is the fair market value at the date of decedent’s death. Just have to keep it until
2025-02-13 21:48:18
0
Jeff :
GAAP Accounting - Generally Accepted Accounting Principles for those who didn’t know ✌️
2025-03-06 20:27:22
0
KK :
Tax the superrich and big companies 😅
2025-02-13 00:56:08
175
Big_DaddyDave 🍍 :
So make the house a business
2025-03-07 18:56:45
0
markalanbrown13 :
So, if I rent my house out once a year. It’s now a rental property. Can I then write off all repairs on my house?
2025-02-15 21:54:33
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baaren1987 :
Step 1 create rental business step 2 rent house from your business, right off home repairs. Would it work? I have no idea
2025-03-11 19:24:43
0
MikTok151 :
A better way to explain it is “if I buy a business related property or equipment for 500k I can’t claim a 500k expense in the first year, I have to claim 18k per year for the next 27.5 years.”
2025-02-15 00:11:04
0
Onyx Pearl 🦅 :
Depreciation reduces the cost basis, so when it’s sold, the “profit” is much greater which increases tax burden = recapture
2025-02-13 15:11:02
11
David Ledesma :
Something to keep in kind is lthat upon your death the investment prooerties is revalued at fair market value so the individuals that inherit the assets would have limited tax exposure. .
2025-02-15 03:14:55
0
CosD :
Depreciation is reducing the value of the asset over its useful life while used to generate revenue.
2025-02-14 18:53:03
1
User48201048583810 :
Living in my own house is IMPUTED INCOME!!
2025-02-21 03:34:29
0
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