Thanks, that is helpful. I also subsequently realized that the situation I described is actually an application of the Mega Back Door Roth strategy (although a ...
Thanks MaryK4, but I am not sure that is always correct (in all situations)? In this specific case the Sole Proprietor already made the maximum allowable Salary...
Thanks. I am asking on my sons behalf (he is the homeowner with the roommate). It would not be advantageous for him to treat this as a rental and depreciate a p...
Thanks for the feedback, but are you sure? I see that Intuit's Employee Tax Expert says "only the part that you pay, i.e 1/2 in my case". I like your answer bet...
Regarding the last comment in the previous reply "You can still deduct the mortgage interest and property taxes as itemized deductions on Schedule A of the tax ...
