vince

Korean Air Morning Calm membership

Morning Calm Club Benefits Morning Calm Check-in Counter Please use the SkyPriority counter if the Morning Calm counter is closed. Additional Checked Baggage Allowance (excluding travel in Economy...

Snoring with an Open Mouth

If you snore and frequently wake up with a dry mouth and sore throat, it’s likely that mouth breathing was the cause Sleeping with your mouth open aggravates snoring in numerous ways: The airway is...

  • Updated 3 months ago by vince
Journal Entry for repairs from security deposit

Repairs using a security deposit is not an expense DR security deposit, CR Bank Account or if not paying vendor for repairs immediately DR security deposit, CR payable (when you get the bill from t...

  • Updated 3 months ago by vince
What closing costs can be deducted from a rental property purchase

The only deductible closing costs are those for interest, and deductible real estate taxes. Other settlement fees and closing costs for buying the property become additions to your basis in the pro...

  • Updated 3 months ago by vince
Setting up your accounting after purchasing a personal property

This is for a personal residence and not for a rental property There are many different types of fees and charges a home buyer must pay to get a loan and complete the purchase. For tax purposes, th...

  • Updated 3 months ago by vince
Depreciation schedules

Useful life of common assets: Appliances, carpeting & furniture: 5 years Office furniture & equipment: 7 years Fences & roads: 15 years Residential rental buildings, structures, furnaces & water pi...

  • Updated 3 months ago by vince
Calculating depreciation for property improvements

Calculate Basis Get your Settlement Statement and Home improvement bills Subtract the following closing items on the settlement statement from the total purchase price: loan origination fee, points...

  • Updated 3 months ago by vince
Get shredded

For Nanjiani, this meant five workouts per week, each lasting a little over an hour. He followed a typical bodybuilding split, focusing on one or two body parts at a time, with Roberts consistently...

IRS depreciation rules

https://www.irs.gov/publications/p946#enUS2018_publink1000107378 How Do You Treat Repairs and Improvements? If you improve depreciable property, you must treat the improvement as separate depreciab...

Certain Foods Can Improve Rheumatoid Arthritis Symptoms

The foods on the list were grouped in eight categories: fruits, cereals, legumes, whole grains, spices, herbs, oils, and miscellaneous. The fruits recommended to help alleviate RA symptoms and dise...

  • Updated 3 months ago by vince
Diet and RA

Living Well with Rheumatoid Arthritis: 7 Tips from People with RA

“Know that you won’t feel that way forever,” John says. “You’ll probably feel a lot better if you can change that inner voice to say ‘Today, this is hard, but that is just today.’” https://www.heal...

  • Updated 3 months ago by vince
Depreciating individual appliances vs adding to cost basis

"If you install a new refrigerator in a rental property, you could choose to depreciate it over five years instead of considering it an improvement and adding it to your cost basis. In many cases, ...

Deducting Improvements vs. Repairs on Your Taxes

“Example of How to Deduct an Improvement You made an improvement worth $5,000 to your property. Therefore, you must deduct it over a set depreciation schedule. We will use a depreciation schedule o...

Quickbooks

Forward root to www on Google Domains

Go to "DNS" > "Synthetic records" Select subdomain forward option in the dropdown menu Enter @ for the subdomain. This represents the naked or root domain. Enter the subdomain URL which is the URL ...

  • Updated 4 months ago by vince
Quickbooks for multiple rentals

set up your chart of accounts to map directly to your IRS forms https://www.youtube.com/watch?v=xwO879TAJuw

wave accounting for multiple rentals

“We have consulted with an accountant that works for Wave, and he recommended creating separate companies for each property, all under the same Wave account. So we have multiple companies like this...

  • Updated 4 months ago by vince
Bank accounts for Rentals

2 accounts, one operating account and one escrow account use account software with a chart of accounts to track each property When you need personal money, write a check from your operating account...

  • Updated 4 months ago by vince
Compute instances

“Google Cloud today announced the launch of its new E2 family of compute instances” https://techcrunch.com/2019/12/11/google-cloud-gets-a-new-family-of-cheaper-general-purpose-compute-instances/

  • Updated 4 months ago by vince