tbrown21
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If you never used the home personally after you inherited it, the IRS considers it an investment, and you can take a long term capital loss
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You are taxed by your resident state on all your income, but you should be able to take a credit on your resident state for taxes paid to other states on all in...
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It sounds like you are asking if you are allowed to take the self employed health insurance deduction, and that would be no, as that is for self employed that p...
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not in first year.You place property in service in a rental activity when it is ready and available for a specific use in that activity. Even if you aren’t usin...
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The correct answer would be maybe, if you itemize and your mortgage is under certain limits. See pub 936 for the limits.https://www.irs.gov/publications/p936
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