About leptserkhan

Returning Member

Member profile

Latest badges earned

Replies
Posts

Re: RE Broker to prepare new rental unit tax deductions question

Here is what chatgbt says, and now I understand. Thanks everyone for your patient and feedback:The IRS distinguishes between business expenses and capital expen...

leptserkhan

Updated Feb 28, 2025
Re: RE Broker to prepare new rental unit tax deductions question

Here is where the confusioin arises. The parties responding to this post are using the word "improvements" and "costs" interchangeably in regards to when the pr...

leptserkhan

2

Updated Feb 28, 2025
Re: RE Broker to prepare new rental unit tax deductions question

Thank you so much for the clarity. Much appreciated.I see why I'm confused - there are numerous postings on the internet, including within tax account sites, th...

leptserkhan

4

Updated Feb 28, 2025
Re: RE Broker to prepare new rental unit tax deductions question

Please confirm when you say "added to the cost basis of the property" that means the market value of the property when I inherited it? Yes, this is an inherianc...

leptserkhan

6

Updated Feb 28, 2025

Membership stats

Public Statistics

Date Registered	‎February 18, 2025 7:51 AM
Date Last Visited	‎March 7, 2025 8:13 AM
Total Messages Posted	5

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.