Tag Archives: Portland

Saving Your Homebuyer Credit

Today TaxMama hears from Kerry Tomlinson at KATU News in Portland, Oregon. Kerry tell us. “We heard from some viewers this morning about their experiences with the homebuyer tax credit. One woman says she was disqualified because she was deducting mortgage interest on an RV as a second home. She has fought it, providing documentation to […]

Rental Losses

Today TaxMama hears from Eileen in Portland, OR whose client was audited for her rental property, “IRS disallowed her ,000 rental loss claiming this is a Passive deduction for her.https://www.topsedu.xyz/wp-content/languages/new/build-my-resume-for-me.html IRS says she may deduct expenses only up to income on the property. True, she is not a real estate professional and she does have […]

Friend’s EIC

Today TaxMama hears from Mike in Portland, OR who tells us. “My girlfriend and I recently did our taxes, separately. We both already filed, too. However, when I did mine, I checked for an EIC and got more of a refund than she did. Unfortunately, she already filed and received a refund. I know she […]