I don't see how this is a tax related question. You need to seek the assistance of a local professional on this matter in your jurisdiction. We have "elder atto...
Here's the scoop, and I am "only" addressing the specific situation of@alves87here.
Your son's income does not matter. What "does" matter is if your son provid...
Yes. Assuming you are reporting your rental income/expenses on SCH E as a part of your personal 1040 tax return, you'll include form 4684 in your filing. Note t...
The newly purchased appliances can't be claimed or deducted anywhere on your tax return, since they were never placed in service as a rental asset.For the old a...
Basically, the purhase of new appliances isn't reported anywhere on your tax return since they were never placed in service as a business asset while the proper...
