You will need to add up all of the costs incurred to prepare the property for rental including utilities during that time. These costs will be added to the stepped-up basis on the date you inherited the property. The stepped-up basis is the Fair Market Value of the property at the time of the other person's passing. Adding these costs to the original (stepped-up) basis will increase the amount of depreciation expense you have each year. You can start depreciating this property effective the day it was available for rent in 2015. A Note about Depreciation You being to claim depreciation when your property is placed in service; in this instance, it means when the property is ready to rent. You can depreciate the building and other improvements but not the land. The depreciation start date is not necessarily the date it is first used.  If it is ready to rent on January 1st and you don’t find a tenant until February 15th you still get to start depreciating it on January 1st ... View more

It is quite possible that the sale of your business vehicle may have generated an additional refund amount. Let me explain how that works. When you sell an asset that you've used in business you can have a gain or a loss on the sale. If it had been something like a computer or office furniture, you would have easily been able to see the numbers you were working with...your cost less and accumulated depreciation. When you take the standard mileage rate instead of actual expenses on a vehicle, you may not realize that you were also taking depreciation.  Depreciation amount that was included in the standard mileage rate: 2013 - 23 cents 2014 - 22 cents 2015 - 24 cents So for every business mile you drove, you were actually deducting part of your depreciation. TurboTax took the information from previous years and calculated the depreciation that was included in the standard mileage. Using some of the numbers you gave above -  Cost $2700 minus depreciation (amount unknown but let's say it was $1000 for simplicity) your basis would be $1700   [$2700-$1000] Sold your car for $300 Your net loss on it would be $1400   [$1,700-$300] You are allowed to include the $1400 as a business loss  Please note that if your business use was not 100% then only the percentage of business use would be used in the calculations [i.e. 60% business use then 2013 depreciation would be only 13.8 cents per mile] ... View more

You can deduct medical costs you pay directly to medical service providers for another person according to the following rules: If you pay medical expenses for someone you do not claim as a dependent on your income tax return, you can deduct those expenses if: He or she either lived with you for the entire year as a member of your household. He or she is related to you (as described in the section  Who's a Relative). He or she was a U.S. citizen or legal resident, or was a resident of Canada or Mexico, for some part of the year. You provided over half of his or her support for the year. Note that these rules are slightly less stringent than those for the dependency exemption. For example, it's possible that you can deduct medical expenses you paid for a parent in 2015, even though you can't claim the parent as a dependent because his or her gross income exceeded $4,000. If you paid a person's medical bill this year for an expense incurred last year, and that person was your dependent last year, you can deduct the expenses on this year's return even if he or she isn't your dependent this year. The key factor is that the person was your dependent when the medical services were provided. If you're divorced and pay medical expenses for your child, but don't claim him or her as a dependent because you are the non-custodial parent, you can still deduct those expenses. This assumes that you would qualify to take a dependency exemption for your child is you were the custodial parent. You can deduct medical expenses that you pay for your spouse. What most people don't know is that you can claim medical expenses for your spouse's medical treatments that occurred before you were married if you paid those bills after your marriage. The rule is that you must be married either at the time of the medical treatments, or at the time the bills are paid. For a complete list of qualified medical expenses, see IRS Publication 502: Medical and Dental Expenses. ... View more