Tag Archives: Depreciation

S Corp and Office in Home

Today Heather from Portland, Oregon asks, “Can I report income from S Corporation on Schedule C? If not, how do I get the home office, depreciation, etc. deduction as I cannot find these in the 1120S form?”

Sale of Rental

Today, Michael from Palm Bay, FL tells us “I bought a home in 1984 as my residence. I was transferred in 1991 and had to rent it due to there being no market for home sales.https://www.richereducation.co.uk/wp-content/languages/new/write-an-analysis-essay.html It was rented (rental property schedule E) until 2004, when I retired and sold it. Do I declare the […]