finethreads
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Yes, your understanding of my rental is correct. I think I get it now. I only have one placed in service date (2014). So when I buy an asset anytime after that ...
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Thank you for your reply. I placed It in service as a rental in 2014.
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I qualify for the Qualified Business Income (QBI) deduction, which begs the question: Am I running a business?”. That is what concerned me. I eventually found a...
Activity Feed for finethreads
- Cheered Re: Asset Entry Question - Date placed in service is year following purchase for DawnC. March 17, 2023 11:13 AM
- Posted Re: Asset Entry Question - Date placed in service is year following purchase on Business & farm. March 17, 2023 7:23 AM
- Posted Re: Asset Entry Question - Date placed in service is year following purchase on Business & farm. March 16, 2023 7:44 PM
- Posted Asset Entry Question - Date placed in service is year following purchase on Business & farm. March 16, 2023 5:08 PM
- Got Cheered for Re: 1099-NEC for Vacation Rental Reported on Schedule E. January 26, 2023 6:15 PM
- Posted Re: 1099-NEC for Vacation Rental Reported on Schedule E on Retirement tax questions. January 26, 2023 6:14 PM
- Posted 1099-NEC for Vacation Rental Reported on Schedule E on Retirement tax questions. January 22, 2023 1:32 PM