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This is a question re section 469 grouping, what are the
This is a question re section 469 grouping, what are the pros and cons? Also what tax year do you need to make the statement in? I fear I may have losses both in my rental income (which is my only bus… read more
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MY CLAIM AS A REALESTATE PROFESSIONAL WAS REJECTED BY IRS AND
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After deducting the full amount through section 179, what counts
After deducting the full amount through section 179, what counts as income? Any proceeds earned from the equipment? How about the sale ofmthe equipment? E.g. Buy an equipment for $500,000, deduct the … read more
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We recently were represented by a hired accountant at an IRS
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A couple earning more than $150K (combined W2 income is about
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I have 4 rental properties...3 residential and 1 commercial.
I have 4 rental properties...3 residential and 1 commercial. Can I elect to group the residential properties only, allowing me to take active losses under the guidlines of IRC469(c)(7)(A)? The commerc… read more
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My new husbands cpa says I cannot take rental property losses
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Rental real estate if the owner materially participates ,
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I FILED A 1040 FEDERAL TAX RETURN, WITH A SCHEDULE E AND ALSO
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i have asked this question before, i need to prove that income
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I own 11 single family homes as investment which are rented
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Hi [I am willing to pay as much as needed to get PRECEDENCE ...
Hi:[I am willing to pay as much as needed to get PRECEDENCE rulings.] I am being audited by IRS for Tax Year 2006 (I have not filed my return for tax year 2007). IRS auditor has accepted my hours for … read more
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1) Taxpayer has undeveloped property in a residential area ...
1) Taxpayer has undeveloped property in a residential area that they use for recreational purposes (camping). Can the interest and taxes associated with this activity be treated as a a vacation proper… read more
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for an s-corp what is considered as passive income If ...
for an s-corp what is considered as passive income? If I have a website that I make money from advertising that I am continually working on is that considered passive income?… read more
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I am in the 33% tax bracket for the 2006 tax year. I will ...
I am in the 33% tax bracket for the 2006 tax year. I will be 28% next year. I have owned an investment property since 8/1/06. I have not rented it yet, but potentially could. I have a real estate lice… read more
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