joannegrove1
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I got a different answer a couple of hours earlier.Please rid the answers that are old or wrong.Folks are going to get confused (like me!) and this is a VERY co...
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Unfortunately as of 2018, you can no longer deduct your expenses for a Not-for-Profit rental. Expenses subject to a 2% of AGI limitation are eliminated by Tax C...
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As of 2018, the deductions are gone with the tax law change. If you see a post from before 2018, they were deductible as a miscellaneous itemized deduction.
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Under the new tax law for 2018, expenses are not allowable for a Not-For-Profit Rental.
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This is wheat I just copied/pasted from the IRS 2018 guidance.Where to report. Report your not-for-profit rental income on Schedule 1 (Form 1040), line 21 or Fo...
Activity Feed for joannegrove1
- Posted I got a different answer a couple of hours earlier. Plea... on Investors & landlords. June 4, 2019 5:28 PM
- Posted Are interest, taxes, insurance and repairs and maintenance all allowable expense in a not-for-profit rental? on Investors & landlords. June 4, 2019 5:27 PM
- Posted Unfortunately as of 2018, you can no longer deduct your e... on Investors & landlords. June 3, 2019 4:50 PM
- Posted As of 2018, the deductions are gone with the tax law chan... on Investors & landlords. June 3, 2019 4:50 PM
- Posted Under the new tax law for 2018, expenses are not allowabl... on Investors & landlords. June 3, 2019 4:49 PM
- Posted This is wheat I just copied/pasted from the IRS 2018 guid... on Investors & landlords. June 3, 2019 4:49 PM
- Posted So - there is not a depreciation schedule because Schedul... on Investors & landlords. June 1, 2019 12:35 AM
- Posted I have a not-for-profit rental. I had a deck added to the property which cost more than the rental income I received. Can I deduct it all under expenses? on Investors & landlords. June 1, 2019 12:35 AM