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Deductions & credits
I just got married in Sept 2019 and my rude awakening is that my refund as Married filing jointly (MFJ) is about 80% lower than if Single still.
ny questions:
1. is for rental property I own renting at a LOSS - TT says its no longer deductible. Does TT carry that over to when I sell my property and then I can apply the however many years of losses or is that $loss uh, lost forever?
2. also would it make sense to create an LLC and run my rental unit through that setup? More tax refund that way? Thx in advance.
ā€ˇFebruary 1, 2020
10:14 AM