About mroberts2

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Re: Rental property depreciation schedules

So, the next obvious question in this chain is "Since it isn't available in the online version, how do I get it?" I just found out. Call support and they will h...

mroberts2

5

Updated Oct 03, 2024
Re: Tax implications for collecting rent on behalf of another

Yes, that makes sense now, and I see the difference. I really do appreciate the input. Thanks!

mroberts2

Updated Jun 16, 2022
Re: Tax implications for collecting rent on behalf of another

Yes, that would be the idea. So, we collected the rent and paid the trash collector, cleaners, etc and then gave him the excess, along with a 1099. Then, he put...

mroberts2

3

Updated Jun 16, 2022
Re: Tax implications for collecting rent on behalf of another

Thanks again, and now I am pushing my luck, but this brings me to my last question: on what line of the 1065 should that 1099 amount be deducted?None of the cat...

mroberts2

6

Updated Jun 16, 2022
Re: Tax implications for collecting rent on behalf of another

Thanks, that's the answer to #1, but what about the rest? Once I give them the 1099 for the "net" rent, does that then mean that I should include their gross re...

mroberts2

8

Updated Jun 16, 2022

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Date Registered	‎March 26, 2020 5:12 PM
Date Last Visited	‎August 23, 2024 1:06 PM
Total Messages Posted	7
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