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🏠 Lower Taxes w/ Ryan
1.3k members • $1/year
3 contributions to 🏠 Lower Taxes w/ Ryan
4d •
Tax deduction question
Hi all, We recently changed the carpet in our STR with a different flooring. We did the work ourselves and we bought some equipment to use for the installation. Is the equipment tax deductible in this case? Thanks in advance
0 likes • 3d
Thank you Brian. Each item is under $2500 and the total is also under $2500. Looks like it can go as an expense.
0 likes • 2d
@Brian Stovel, CPA one more if you don't mind please: is the $2500 limit annually? If we end up doing more improvements and get more equipment (total exceeding $2500) how do we report that?
Oct '25 •
LLC question
We currently own a short-term rental property titled in both my husband’s and my name. We are considering transferring ownership to a single-member LLC under my name. Is this ok?
0 likes • Oct '25
@Chaits Jalagam oh what an unpleasant surprise....
0 likes • Oct '25
@Brian McDowell I went over the recording Ryan referred to. In the recording he mentioned lenders may have restrictions when transferring the loan to an LLC.
Sep '25 •
Education/100 Hours
Ryan, you said something interesting, education doesn't count until you go under contract. So I am gathering that education is fine after you own the property. Is that correct?
1 like • Sep '25
@Ryan Bakke, CPA is there a max you'd recommend not exceeding?
1-3 of 3
Active 2d ago
Joined Sep 22, 2025
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