The latest is CA allows PPP deduction, as long as the company is non-public and experienced 25% or more loss of revenue.https://www.natlawreview.com/article/cal...
Hi @makaminskihave you resolved this? I have the same problem with my CA 2020 return. I am using TT Home and Business as I have a rental and a K-1. The followin...
I vaguely remember (please check this yourself) that IRS requires you to lower rental property original basis by the total depreciation amount regardless you to...
Thanks for the reply. Correct, I would file LLC partnership tax. Changing the ownership title is not an option for me because it will trigger a property reasses...
Hi, I run a rental business in an LLC with another member with the 50% split. The rental income and expenses, including the property tax, are handled in the LLC...
