Hi Mike,Thank you for your answer. I downloaded the Maryland State Tax section in TurboTax. After entering the K-1 information, it shows that we owe Maryland ta...
Hi Mike,Apologies for not being clear earlier. I began using a part of my home as an office in October, hence the 3-month duration. It has been consistently uti...
@AmeliesUncleThank you for your input. When I calculate the inventory value, do I include all expenses and carrying costs, such as property tax, mortgage loan i...
Hi Mike,Thank you for your answer. Do we report the sale under "Investment Income" or "Other Income"? We can't deduct property tax, mortgage interest and the ca...
