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I bought my property in 1979 and built a home and moved into
I bought my property in 1979 and built a home and moved into in 1980. About 1985, I built a cottage on the same property. About 2007 I built another home on the property and my mother-in-law moved int… read more
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Now that we cannot use the home office as an expense, does this mean all the costs associated with utilities, insurance, taxes,etc cannot be used on a schedule C? Thank you… read more
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Before 2018, my business was a joint venture between my wife
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This question is in regard to an LLC taxed as an S-Corp with
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At 12:30edt on April 11, In 2015 my husband & I sold
Hello at 12:30edt on April 11, In 2015 my husband & I sold a house after living in it for 43 years. We bought the house in l973 for $61,000, and sold it for $1,525,000. We purchased a condo for $740,0… read more
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I am a high school teacher full time and I do private tutoring
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My wife and I are starting a home based cooking business and
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emc011075
emc011075
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Lev, I have been using my home as my place of business
Hello Lev, I have been using my home as my place of business since 2008. It looks like I can include depreciation on my taxes? I never did that before, though I did take a home office deduction before… read more
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I've worked from an office within my home years and
I've worked from an office within my home years and always used the simplified method of determining the deduction. This year we built out a former shed in our backyard as my home office. How do I det… read more
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I am the 100% owner of an S-Corp. I have a room in an apartment
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i have built an office for my business, i am a sole proprietor,
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I spent around 20K on repairs and improvements on my office
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Hello. I and my wife traveled to India to purchase an investment
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hello, we own 2 houses, we live in our old house, and new
hello, we own 2 houses, we live in our old house, and new one is under renovation, which we will be moving into after the renovation completes. part of the new house will be my home office, and I now … read more
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I paid $208500 for my 1854 sqft home in 1993 Both my wife and
I paid $208500 for my 1854 sqft home in 1993 Both my wife and I use separate rooms as Home offices- in 2007 we finished a 1200 sqft addition where my new 168 sqft office is. My wife's office is still … read more
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I need help figuring the depreciation on a rental property.
I need help figuring the depreciation on a rental property. The language in the IRS publication is too confusing. The property went into rental status in August 2009. I did not include any depreciatio… read more
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Hi, Steve, Im self-employed,not incorporated, work mainly
Hi, Steve, I'm self-employed,not incorporated, work mainly from my home (which I own; no mortgage), am 61, single, no children, and my income can vary from year to year. As it happens, it will be larg… read more
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