With regards to below explanation I read on another post, please explain how you would even show that the funds were used to buy or build your primary home? Besides answering the question in turbo tax how does anyone know how you used the money?   In most cases, you can deduct your interest. How much you can deduct depends on the date of the loan, the amount of the loan, and how you use the loan proceeds.     ... View more

My mom has been living with me full time since Sept 2018. She originally came to me due to a fall but it was revealed she had early onset dementia and it has been progressing since then. Mom does own her own house (it’s a 2 family). One unit is Hera and she collects rent from 2nd unit which covers taxes and basic expenses for the home. Mom also collects some money from SSI.mom cannot live alone so even though she owns a home and filed taxes due to rental income she cannot live alone as she requires 24 hr care and monitoring. My question is whether I can claim my mom as a dependent or deduct for any of her expenses related to care even though she owns a home and files separate taxes? Is there anything I can deduct? ... View more

I have a non profit that I run from my home. Our tax filings for the non profit are done thru the epostcard since our average earnings are less than $50,000. On average we earn about $20-$25000 a year. I am wondering if I can write off home office space use on my personal taxes at all. ... View more

I started a home business for a direct sales co.  in Aug 2018.  I bought a business kit with supplies, paid a monthly website fee & had  online advertising expenses.   I earned about $280  for 2018 but  did not receive a 1099. Can I take  any home deductions that show an overall net loss on Sch C? How long can I claim a loss before I  should stop claiming a home business? Thx ... View more

I received a 1099 Misc for $281. It was commissions earned on a direct sales company for personal purchases and some purchases made where the commission was donated to charity. The funds raised were for income even though I ended up donating almost all of it to charity. Do I need to report this $281 as income?   Am I permitted to take any deductions such as the company required I pay $10 a month to have the website where the orders were placed as well as $159 for a kit.   I started this business in August of 2018 so its a small earning and small expenses but there are expenses such as the start up which is required to get started. I used alot of the product in the start up kit as giveaways towards the fundraiser I did with this business (thats how I ended up donating money earned from this business)   I sort of feel whatever I earned washes out the expenses but unless I can deduct some of these expenses I end up paying taxes on the entire amount of $281 of income.   I will also further explain I wrote a personal check for about $250 to a charity which equaled the commissions earned for this direct sales fundraiser I ran. The commission earned on this fundraiser was actually greater than the net income if I deduct out the expenses from the 1099 Misc income....turbo tax calculates it at $68 business income.   So I feel I should be able to deduct expenses since i pretty much absorbed the start up costs and website fees and used all commissions for the fundraiser.   Can I not report this or can I deduct any expenses?  I hope it all makes sense. ... View more