Hi,Are you paying estimated taxes based on 110% of last year's taxes? If so, you should be fine just doing equal quarterly installments, you don't need to pay m...
Thanks so much! I really appreciate all your help. When we ran the numbers, it turned out that redoing his 2023 or even 2022 tax would not actually make a diffe...
Thanks so much, @DaveF1006! So given that my dad has a negative 481(a) adjustment for all of the un-taken depreciation, and that he's not filing a schedule E th...
One more clarification question: my dad has 7 years of unused depreciation from 2017-2023 on a room for rent, totaling $15k. He did NOT rent at all in 2024, and...
