Recent content by GM Points

I found this reference... There are three primary methods to determine the improvement ratio. You can use all three each time you purchase a property or just use the one that you find easiest. Regardless of which method you use, make sure to document your approach and your findings. You don't...

With my past rental located in CA and the current vacation rental located in AZ, I used my property tax bill to give me the improvement fixtures (building) and the land value for depreciation. So where would I find this information once I transfer the property tax value from the residence to the...

Thank you...

I have been thinking about a strategy to help with the first 5 to 10 years of retirement. We currently own our primary residence (we purchased it 18 years ago) and a vacation rental (we purchased it 10 years ago). My plan/idea is when I reach the age of 55 is to sell my personal home and...

It is probably a two-tier annuity. I am pretty sure they aren't sold any longer since a lot of agents/companies marketed them in less than honest ways. Here is a source for them https://budgeting.thenest.com/two-tier-annuity-32616.html A two-tier annuity is an investment product that requires...

EDIT:Sorry, this is what I meant. If I have Itemized Deductions on Schedule A and a loss on Schedule E do I input the Itemized Deduction numbers into the Standard Deduction cell and just lower the WST/IRA/401(k) number by the loss? What does WST mean? Also, is there a reference I can read to...

If I have Itemized Deductions on Schedule A and a loss on Schedule E do I just combined the two and input the numbers into the Standard Deduction cell? For example my Schedule A is 29,000 and my Schedule E is a loss of 4,000 so put 33,000 in the Standard Deduction cell?