Jun 25, 2020 · We can't tell you if a d/b/a is required in your local area, or how to get one. You would have to research that locally. I suspect OF creators rarely register d/b/a's, and I only mention it to …

Apr 2, 2020 · A taxpayer materially participates in an activity only if he or she meets any one of the seven material participation tests. The taxpayer works 500 hours or more during the year in the …

Jan 31, 2026 · Hi, I bought a new single family home for rental purposes in 2025 and the property tax at year end shows just the land value. When i try to enter the details in Turbo tax it asks for land value …

Feb 18, 2024 · The cost basis you have to use is the basis that you used when you set up the property for depreciation as a rental property, plus additions and improvements that you capitalized, less the …

Jun 7, 2019 · I spent a bunch of money putting new tile, painting, and making general repairs after I listed my house for sale. can I deduct these costs if I kept receipts?

Dec 19, 2024 · I spent about $5400 on adding blinds, ceiling fans, stage furniture, etc. before listing through a realtor. The only big upgrades done to the condo since it was built in 1985 was adding …

Jun 4, 2019 · When a tenant moved out of one of our rentals, we spent some money on painting the interior, replacing the ceiling fans and the blinds and installed new flooring and appliances. I know …

Jun 5, 2019 · The new law essentially replaces the 80 percent in the 80/20 rule with 0 percent. This means that, as of Jan. 1, 2018, donors who make a contribution to or for the benefit of a college or …

Jun 1, 2019 · Why is only a PORTION of some rental expenses deductible? It makes sense for only a portion of my annual property taxes to be deductible (for the ratio of time my home was rented out). …