Real Estate Investor KnowledgeBase
Category - Chap 10 - Repairs and Improvements
Articles
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I Just Got a Rental, What Do I Do?
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- Chapter 1 Introduction
- Why Invest Into Rental Properties
- Real Estate and Rental Properties as a Business
- Basic Business Entities For Real Estate Investment
- Sole Proprietorship
- Single-Member Limited Liability Company (SMLLC)
- LLC Benefits For Rental Properties
- Multi-Member Limited Liability Company (MMLLC)
- Limited Liability Partnerships (LLP) and General Partnerships (GP)
- Benefits of Rental Property In Partnership Entities
- Downsides Of Rentals In Partnerships
- Summary Of Rental Properties In Partnerships
- C Corporations
- Rental Property In C Corporations
- S Corporations
- Pass-Through Versus Disregarded Entity Taxation
- Your Spouse As A Business Partner (Happy Happy Joy Joy)
- Owning A Rental Property With Others
- Real Estate Investing With Family Partners
- Real Estate Holding Company and Operating Company
- Pure LLC Holding Company Info
- Chapter 1 Frequently Asked Questions
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- Chapter 2 Introduction
- Economic versus Equity Interests
- Structuring Real Estate Deals with Angel Investors
- Loans or Capital Injections
- Multi-Entity Rental Property Tiered Structure
- Using a Trust In Your Real Estate Holding Company
- Operating Agreements For Real Estate Partnerships
- Real Estate Succession Planning
- Fallacy Of A Nevada LLC (or Delaware, or Wyoming, or wherever!)
- Liability Protection Fallacy Of An LLC
- Charging Orders
- Using A Self-Directed IRA Or 401k To Buy A Rental Property
- Trapped Rental Assets In An S Corporation
- Chapter 2 Frequently Asked Questions
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- Chapter 3 Introduction
- Getting The Rental Business Launched
- Furnishings And Supplies
- Start-Up Expenses Spread Across Two Years
- Rental Property Acquisition Costs
- Real Estate Asset Setup On Your Tax Returns
- Closing Disclosure Items
- Rental Property In Service Defined
- Converting Primary Residence To A Rental
- Moving Your Rental Property Into An LLC
- Chapter 3 Frequently Asked Questions
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- Chapter 4 Introduction
- Three Types of Income
- Passive Activity Loss Limits
- Passive Income Generators (PIG)
- Your Small Business As A Passive Income Activity
- Rental Property Tax Strategy
- Rental Property Tips, Tricks, And Hacks
- Schedule C Versus Schedule E
- Vacation Home Rules
- Personal Use Of Your Short-Term Rental
- State Problems With Your Rental Property
- Filing State Tax Returns With Your Rental Property
- States With Extra Rental Tax Complexity
- Chapter 4 Frequently Asked Questions
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- Chapter 5 Introduction
- Material Participation Rules
- Material Participation Audit Tests
- IRS Can Use Material Participation Tests Against You As Well
- Material Participation- Selection and Acquisition
- Material Participation- STR Acquisition Wrinkle
- Material Participation- Pre-Opening
- Material Participation- Renovations
- Material Participation- Normal Operations
- Material Participation- Travel Time
- Material Participation- Hours That Do Not Count
- Material Participation Executive Summary
- Material Participation Time Examples
- How To Materially Participate With A Property Manager
- The Overlooked SPA Material Participation Test
- Material Participation in a Partnership
- Material Participation Time Logs
- Regulations 1.469-9(g) Election For REPS
- Regulations 1.469-4 Election
- Material Participation Frequently Asked Questions
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- Chapter 6 Introduction
- Cost Segregation Study
- Cost Segregation Mechanics
- Do It Yourself Cost Segregation Study
- Pushing Your DIY Cost Seg Envelope
- Cost Segregation Cash Flow Play
- Cost Segregation Pitfalls
- Cost Segregation On Mid-Year Conversions
- Cost Segregation Summary
- Retroactive Look-Back Cost Segregation Study
- Section 179 Or Bonus Depreciation
- Opted Out of Bonus Depreciation
- Cost Segregation Frequently Asked Questions
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- Chapter 7 Introduction
- Short-Term Rental (STR) Loophole
- Computing Average Guest Stay
- What Time Counts for STR Material Participation
- Short-Term Rental Material Participation Tests
- Cannot Group Short-Term Rentals With Other Rentals
- Short-Term Rental (STR) Time Logs
- Converting Basement, Garage Or ADU Into An STR
- My Business Rents My Short-Term Rental
- My Business Rents My Long-Term Rental
- Arbitrage Of Converting STR To Second Home
- Additional Short-Term Rental Loophole Considerations
- Owners Only Stuff
- Renting Recreational Equipment Alongside Your Rental Property
- Short-Term Rental Loophole Summary
- Short-Term Rental Loophole Frequently Asked Questions
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- Chapter 8 Introduction
- Real Estate Professional Status (REPS)
- Quick Preview Of Qualifying As Real Estate Professional
- Passive Activity Losses Revisited For REPS
- Material Participation Revisited For REPS
- What Hours Can You Count for REPS
- REPS Pitfall With Short Term Rentals
- REPS Pitfall With Material Participation
- Other Pitfalls With Real Estate Professional Status
- IRS Audit Questions For Real Estate Professional Status
- Strategies For REPS
- Tax Court Cases for Real Estate Professional Status (REPS)
- Real Estate Professional Status Frequently Asked Questions
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- Chapter Introduction
- Five Basics to Warm Up To
- Value of a Rental Property Tax Deduction
- Rental Property Tax Deductions Themes
- Section 199A Rental Property Deduction
- Common Rental Property Tax Deductions
- Splitting The Rental Property Baby
- Allocation of General Rental Expenses
- Rental Property Travel Deductions
- Rental Property Meals
- Mortgage Interest Tracing
- Acquisition Costs (revisited)
- Rental Property Repairs Safe Harbor (revisited)
- Repairs Versus Improvements (revisited)
- Rental Property Depreciation (revisited)
- Automobile Deductions with Rentals
- Buying A Car For The Rental Property
- Automobile Decision Tree
- Home Office Deduction
- Paying Your Children From The Rental
- Real Estate Education Expenses
- 185 Rental Property Tax Deductions You Cannot Take
- Deductions the IRS Cannot Stand
- Cohan Rule For Rental Property Owners
- Reducing Taxes
- Rental Property Tax Deductions Frequently Asked Questions
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- Chapter 10 Introduction
- Improvement Versus Repairs
- Step 1 De Minimis Or Small Taxpayer Safe Harbor
- Step 2 Unit Of Property Analysis
- Step 3 Safe Harbor For Routine Maintenance
- Step 4 Betterment, Restoration And Adaptation
- Step 5 Restoration Guidelines (And The Wiggle)
- Common Repairs Versus Improvements Conundrums
- Rental Property Renovations (Rehab)
- Accelerated Depreciation and Section 179 Deduction
- Qualified Improvement Property (QIP)
- Partial Asset Disposition (PAD)
- Repairs and Improvements Frequently Asked Questions
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- Chapter 11 Introduction
- Allowed Versus Allowable Depreciation
- Capitalizing Construction Interest And Carrying Costs
- Selling Your Rental Property- Cost Basis And Recapture
- Selling Your Rental Property- The Allocation Game
- Selling Your Rental Property- Passive Losses And NIIT
- Selling Your Rental Property- Hybrid Or Mixed Use
- Selling Your Rental Property- Seller Financing And Installment Sales
- Selling Your Rental Property- 1031 Like-Kind Exchange
- Buying Out Your Real Estate Partner
- Idle Versus Vacant Rental Property
- Rental Is Vacant And Held For Investment Only
- Rental Is Vacant And Idle
- Rental Is Vacant And Temporarily Offline
- Rental Is Vacant And Withdrawn From Service (Use)
- Changing Depreciation Between 27.5 and 39.0 Years
- Chapter 11 Frequently Asked Questions
