See if this information helps.Number of days of personal use - ZERO. The program is asking for number of days of personal use "AFTER" you converted it to a rent...
No. Basically, you are "in the business" of managing other people's property. Therefore all of your business income and expenses are reported on SCH C with the ...
@Rhom for inventory there's a section in the TTX program for reporting this. The only way to actually see that section in the program is if you indicate that yo...
For starters the basis for property tax is not used on any income tax return unless all other alternatives to determining/establishing a cost basis have been ex...
No depreciation adjustment is needed if you now rent a prior short-term rental all year.
I'm concerned the above statement may be confusing to some. If as an ST...
