I had a 30 mins session with a CPA today to go over my tax question today. Per CPA, you can deduct the rental portion of the living trust as an expense in your ...
Thank you all! I will just take the $500 deduction instead. It is worth it not to give my SSN to the charity. Identy Theft is so very common these days.
I tried this in turbotax for $1250. Now turbotax instructs me to file my tax return along with the 1098 form. However, I don't have such form. All I have is a l...
HiDianeW777,Question about the living trust again. I have another post before reading this post as below.https://ttlc.intuit.com/community/taxes/discussion/re-c...
I think I am luck out here. I paid the lawyer in two payment, half of it in 2023 December and the rest in 2024 Feb. With your method, the rental portion for wha...