The Good Son
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Parents travelled away from their Main Home for a year, Son who lives in a different state, and Parents, engaged a Realtor who presented potential Rental Applic...
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Thank you Vanessa!Are there any remedies to fix this issue at this point? Is filing Form 3115 an option for me for the 2024 return i.e. the year the home was so...
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Thank you for the follow up Opus 17, I understand and Acknowledge. I have a call scheduled with a Turbo Tax, 'Tax Expert' later today to discuss this and other ...
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Thank You Opus 17 for the reply!The parents lived in Illinois which I believe is NOT a community property state.2016 Depreciation - cannot find tax filing, cann...
Activity Feed for The Good Son
- Posted Re: 2006 & 2007 Schedule E Line 20 Depreciation shows 0 despite 2006 Form 4562 showing $2,808 of ... on Business & farm. April 3, 2025 10:01 AM
- Posted Re: 2006 & 2007 Schedule E Line 20 Depreciation shows 0 despite 2006 Form 4562 showing $2,808 of ... on Business & farm. April 3, 2025 8:59 AM
- Posted 2006 & 2007 Schedule E Line 20 Depreciation shows 0 despite 2006 Form 4562 showing $2,808 of Depreciation deduction. Is there income limit to claiming Depr deduction? on Business & farm. April 3, 2025 2:43 AM
- Posted Re: 3 Own home. It is #2&3's Main Home, they are MF Jointly, #3 dies aftr 24 yrs, he had Sch C Depr for 15+ yrs. #3 Quit Claim to #1 aftr 12 yrs. Basis? Depr Recapture? on Deductions & credits. April 1, 2025 4:36 PM
- Posted Re: 3 Own home. It is #2&3's Main Home, they are MF Jointly, #3 dies aftr 24 yrs, he had Sch C Depr for 15+ yrs. #3 Quit Claim to #1 aftr 12 yrs. Basis? Depr Recapture? on Deductions & credits. April 1, 2025 12:56 PM
- Posted 3 Own home. It is #2&3's Main Home, they are MF Jointly, #3 dies aftr 24 yrs, he had Sch C Depr for 15+ yrs. #3 Quit Claim to #1 aftr 12 yrs. Basis? Depr Recapture? on Deductions & credits. March 31, 2025 2:00 PM