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Deductions & credits
The farther I go into the program, the more it seems I should not take these expenses.
There are more potential reasons that one can possibly cover in a single post. Understand that you are "required" to take your expenses. I can't find where it states that at this time. But I've read it either in IRS Pub 427 or some other pub related to business income/expenses.
Just be aware that number means absolutely nothing until your taxes are complete. For me with rental income from 3 rentals, self-employment income, investment income and W-2 income, that number is "literally" all over the place while I'm in the process of entering data and making selections.
‎January 30, 2024
11:19 AM