I am afraid I disagree with your note that expenses can offset income in this situation. No expenses would be allowed except for mortgage interest and property ...
I know that this is an old thread, but I just wanted to lay out the facts.Under IRC 280A(d), renting to a family member at below market rents does count as pers...
I know this question is 5 years old now, but just in case anyone stumbles across it I would like to point out that while it certainly makes sense to "prorate" t...
Pub 970 is the layman's guide to educational tax benefits, and information regarding qualifying expenses for the lifetime learning credit can be found here:http...
I know this response is years after the original post, but I just stumbled across it.A computer is NEVER an expense for the lifetime learning credit, and must m...
