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1120) has investment property for which had paid substantial

Customer Question
amount of money in expenses...
1120) has investment property for which had paid substantial amount of money in expenses and amortization of real estate property.
JA: The Expert will know what to do. Please tell me everything you can so the Expert can help you best.
Customer: How do I report these investments on 1120 assumed expenses and how do I report these expenses paid on other 1120
JA: When we are ready I'll take you to the appropriate web page.
Customer: I'm waiting for your reply. my email address is***@******.***
JA: Is there anything else important you think the Expert should know?
Customer: My customer (1120) had purchased properties as investment in another 1120 he had already formed and running since 2005. The investment is of $425,000.00; how do I report this amount on first taxes and second taxes
Submitted: 1 year ago.Category: Tax
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Answered in 16 minutes by:
9/29/2016
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,388
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Hi, my name is Mark. I will be happy to help you with your questions.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

You mentioned that the properties are for investment purposes. Are these rental properties? Are the properties being renovated and sold?

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Mark Taylor
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
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