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Started By
Message
re: BOMBSHELL by the NYT has dropped
Posted on 10/31/20 at 2:21 pm to SlowFlowPro
Posted on 10/31/20 at 2:21 pm to SlowFlowPro
quote:
Depreciation is the ultimate tax shelter,
Yeah, that would be Ireland's treaty network. Well, was.
0
Posted on 10/31/20 at 2:23 pm to bbrownso
Depreciation isn't a fricking tax break Jesus christ.
Buildings, surprise, lose value over the time. Shocker, I know, but certain improvements are also not allowed to be deducted in full when performed and go towards the cost to further be depreciated.
Buildings, surprise, lose value over the time. Shocker, I know, but certain improvements are also not allowed to be deducted in full when performed and go towards the cost to further be depreciated.
Posted on 10/31/20 at 2:24 pm to Jcorye1
i haven't seen any of my progressive groups touting this. usually they're pretty quick
if they don't jump on this, it's an incredibly huge dud
if they don't jump on this, it's an incredibly huge dud
Posted on 10/31/20 at 2:24 pm to Jcorye1
quote:
Depreciation isn't a fricking tax break Jesus christ.
Eh. One could make the argument that acceleration is.
Posted on 10/31/20 at 2:24 pm to Jcorye1
I didn't know it was possible to not know what depreciation is.
These folks are just sad.
These folks are just sad.
This post was edited on 10/31/20 at 2:25 pm
Posted on 10/31/20 at 2:32 pm to Jorts R Us
quote:
Eh. One could make the argument that acceleration is.
I thought it was 27.5 or 39 years for tax? I'd hardly classify that as accelerated.
Posted on 10/31/20 at 2:38 pm to Jcorye1
quote:
I thought it was 27.5 or 39 years for tax? I'd hardly classify that as accelerated.
Relative to books. Also, don't forget about LHI's and don't under estimate the power of a good cost segregation study.
Again, nothing improper about it. But tax depreciation rules are favorable and there's nothing wrong with it.
This post was edited on 10/31/20 at 2:39 pm
Posted on 10/31/20 at 2:39 pm to NashvilleTider
I own 6 rentals and have depreciation help for my taxes. On the flip side when I sell my basis is lower so pay my capital gains. OMG that is awful that Trump follows the RE tax laws!
Posted on 10/31/20 at 2:40 pm to Jcorye1
At first I thought we needed the Turbotax metadata. Now I won't believe it until they release the entire Turbotax data center to the public.
Posted on 10/31/20 at 2:42 pm to teke184
quote:
What kind of real estate depreciation is the NYT taking on their new Manhattan offices?
I’ll wait
Pretty sure they have paid zero income tax for a few years
Posted on 10/31/20 at 2:45 pm to udtiger
quote:
Pretty sure they have paid zero income tax for a few years
Not really supported by the K but stock comp is more their game
This post was edited on 10/31/20 at 2:48 pm
Posted on 10/31/20 at 2:59 pm to Jorts R Us
quote:
Not really supported by the K but stock comp is more their game
I know you tax types get paid more, but I'd rather have an icepick in my eye.
Posted on 10/31/20 at 3:01 pm to NashvilleTider
Got heeeeeeeeem!!!
MFers are straight pathetic!
MFers are straight pathetic!
Posted on 10/31/20 at 3:17 pm to Jcorye1
Ha! Are you the 404 guy? God love ya, I couldn't do it.
Posted on 10/31/20 at 3:23 pm to NashvilleTider
This really gives me pause on Election Day.
Posted on 10/31/20 at 4:32 pm to NashvilleTider
quote:
depreciation losses and other tax breaks for the real estate industry embedded in federal tax law for a century helped reduce Trump’s income taxes."
I would be upset if he didn't do this. It's what I would expect from a smart businessman.
It's like they are trying to help Trump with smart voters.
Posted on 10/31/20 at 4:48 pm to NashvilleTider
So he filed his taxes in accordance with the tax laws? Shocking
This post was edited on 10/31/20 at 4:49 pm
Posted on 10/31/20 at 4:49 pm to NashvilleTider
Its no bombshell but rather Chinese disinformation and propaganda.
This post was edited on 10/31/20 at 4:52 pm
Posted on 10/31/20 at 4:53 pm to NashvilleTider
Posted on 10/31/20 at 4:58 pm to NashvilleTider
Should I talk to an accountant to explain it to me?
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