Hi, I just sold some stock and have to make some estimated tax payments
to avoid penalty. I can compute 1040 ES and 2210. Should I file these
forms now or file them along with my 2019 returns next year? Thanks.
I have owned a two-family property for 3 years. We have used one unit as
our primary residence but have always rented the second unit (50% of
property.) If we were to sell the building in order to buy a single
family home as our new primary residence...read more
We've rental property here in MT which we refinanced to get some cash
out to buy the land next door to us. We got $70K from the refinance and,
while it is cash, the interest we pay is considered as an investment
expense. We paid $30K for the down-pay...read more
Loan is in wife's name but deed is in her parents and they use it as a
rental income property. Who can claim the interest on the loan? Do her
parents have a right to claim even when 1098 form comes in wife's name?
I purchased house in 2006 and immediately rented it out. I moved in as a
primary in July 2007 and lived until July 2019 when I started rerenting
to tenants. Do I list this property as a NEW "put in service rental"
with the original basis minus all cl...read more
Here are the details: My soon-to-be-ex-husband and I have been separated
for almost three years. He and I purchased a home in 2018, and he has
NEVER lived there with me and our children. The Deed is in both of our
names, the mortgage is in his name s...read more