@Mike9241, thanks, so it means if rent under fair market price it is the worst that we had to report the rent as regular income and expense cannot be used to of...
Yes, called them but customer service seems no clue on this, so I am trying to ask here to see:1, should I manually input federal amount into California capital...
@Critter-3@Thank you, but the problem is from Federal calculation, I see turbo tax calculate correctly to offset capital gain and using allowances. However the ...
@Carl, thank you for your detail insights! so the tip here is to minimize amount depreciated each year to prevent recapture increased tax due to next bracket an...
@view2, if i use number of room method to divide expense, should i use the same percentage when doing depreciation? say, i have total 3 rooms and rent out 1 bed...