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State tax filing
@trapezewdc Yes, to all of those questions.
Just a couple of notes:
#2: You can only deduct the business portion of the item.
#3: If it is an item, you deduct the LOWER of (1) your Basis (usually the purchase price) or (2) the Fair Market Value when it was converted to a rental item (then multiplied by your business percentage).
Just a couple of notes:
#2: You can only deduct the business portion of the item.
#3: If it is an item, you deduct the LOWER of (1) your Basis (usually the purchase price) or (2) the Fair Market Value when it was converted to a rental item (then multiplied by your business percentage).
May 31, 2019
5:33 PM