About CGWL

Level 2

Member profile

Latest badges earned

Replies
Posts

Re: We have a rental property owned by an LLC with our living trust ...

Yes all the income from the rental will be reported on schedule e of the 1040. However, our question is related to the amount we withdraw. It is not entered as ...

CGWL

1

Updated Jan 09, 2023
Re: We have a rental property owned by an LLC with our living trust ...

It would be a withdrawal of income from the business account to us the trust trustees.

CGWL

3

Updated Jan 09, 2023
Re: Short-term rental - Enter Nondeductible expenses from prior yea...

Thank you for the quick reply. So the expenses allocated to personal use is never deductible, correct? Only the losses from previous years?

CGWL

3

Updated Apr 04, 2024
Re: Depreciation calculation of vacation rental was different in 201...

No, unfortuneatly, I heard nothing.

CGWL

Updated Apr 28, 2021

Membership stats

Public Statistics

Date Registered	‎February 19, 2020 3:41 PM
Date Last Visited	‎February 9, 2023 7:48 PM
Total Messages Posted	11
Total Cheers Received	1

Quick links