As I add my rental expenses, my federal refund keeps reducing but state remains the same.  Can I just not report the expenses?  What are the cons for not reporting expenses?  Thank you in advance. ... View more

When do Use 'De Minimis safe Harbor election', 'Capitalize Repair and maintenance costs' or 'Small Taxpayer safe harbor election'?  I'm not sure when these are used.  Thank you in advance. ... View more

Hi, I have few questions regarding rental property.   1)  I have the following items I need to depreciate for a rental property:  Roof /washing machine/dryer/dish washer      I have not included these expenses and I'm already at $0 income.     Which  Depreciation Method, Depreciation Life and Convention should  I use for each?     2)  Can I include HOA for the rental as an expense?  If so, what type of expense would these be?   Thanks   Sherry       ... View more

I had AMT last year and again this year.  It's telling me to recompute AMT for prior year manually.  Do I need to recompute?  I read somewhere that to recompute state refund was very large.  What is considered large?  Can I just script recomputing it?  How do you recompute?   Thanks ... View more