Tag: 'loan'
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From the community
Tax deduction of interest on a heloc loan
I took a heloc loan (secured by our primary house) to buy a rental home. Under the new tax laws for the...
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From the community
I need the pin # page for my 2017 return for a home loan indicating that it was filed
There is a PIN number (last page) of my 2016 return, but not 2017.
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From the community
Where do I enter interest paid on a business loan 1120s line 13?
Where do do enter the interest that you paid on a business car loan so it appears on line 13 of 1120s and...
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From the community
Can proceeds from a rental property sale be rolled into an IRA (used solely to pay student loan) without being subjected to capital gains tax?
Hello. I live in MD, recently sold a rental property (have not lived there in 7 years), thus I know the...
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From the community
Traded in business vehicle for another business vehicle in Nov 2016. New vehicle went into service Jan 2017. Do I fill out Form 8824 Like Kind Exchange for 2016?
And since the vehicle went into service 2017, I can depreciate the new vehicle in 2017 or does it have to...
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From the community
My friend has HB-1 and I am a permanent resident of US. He agrees to loan me 50K without interest for me to purchase home.Any tax form?Who to file? Any limit on transfer?
As a loaner do I have any legal liability besides paying my debt?
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From the community
LLC that has been taxed as ptnrship. June 2018 to be taxed as corp.Assets of 2k and liab of 60k. How is this moved to corp return?
I'm filing short year return to close partnership status. There is roughly 2k in assets. Liabilities of 27k...
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From the community
Can I have notes payable for equipment placed in service by not paid for in this year? I am on the cash basis.
i have a construction loan for leasehold improvements and equipment. assets were placed in service in...
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From the community
Do I have to include form k1 with tax return from my business? I had a loss last year. And the loss is affecting my ability to get a home loan.
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From the community
Do I need to file a 1099-C if debt that was forgiven is part of a bankruptcy from my ex-wife even though both of our names are on the debt (car)?
I have a car loan that was in both my ex-wife's and my name. My ex wife filed for bankruptcy and now my car...