This is a question I often get asked by business owners and rental property owners in the real estate industry. Depreciation begins when you place your asset in service for the production of income. An asset is placed in service when it is ready and available for a specific use.For…
In basic terms, real estate investors purchase real estate with the intention of holding the properties to gain financial return. On the other hand, real estate dealers typically acquire and sell real estate in the ordinary course of their trade or business. The determination of investor vs. dealer is mainly…
