Today TaxMama® hears from RJ in the TaxQuips Forum, with a travel question. “I am a single member LLC. I have a long-term (3 year) out-of-state contract, which requires me to be physically onsite at the client’s location 75% of the time (3 weeks per month). I am currently renting an apartment and deducting the […]
Tag Archives: Rent
Today TaxMama® hears from Susan in the TaxQuips Forum with a well-reasoned question. “This concerns a mentally disabled 20-year-old living at home. She just started receiving money from her father’s pension, instead of Social Security Disability. At what point does contributing to the household become income. I contend that as long as you are the […]
Today TaxMama hears from Eric in the TaxQuips Forum, who is a new landlord. “During periods of vacancy (in between tenants), are mortgage and utility bills tax deductible at all? Also are the costs of replacement furnace filters and pest control items, etc. purchased and used by me (the landlord) deductible as operating expenses?”
Today TaxMama hears from David in the TaxQuips Forum with this question. “My mother has owned rental property for many years and she has a tenant in one side of a duplex that has been there about fifteen years. My mother has always been reluctant to raise the rent on “good” tenants so this […]
Today TaxMama hears from Ed in the TaxQuips Forum who wants to know. “Can I still deduct my expenses on a rental house which sat vacant for 2010 on Schedule E?”
Today TaxMama hears from Keith in the TaxQuips Forum, with an interesting question.buy antabuse online blackmenheal.org/wp-content/languages/new/us/antabuse.html no prescription “There’s no office space near me, so I want to buy a boat as the office for my C Corp. I could easily maintain a log for any recreational use to facilitate separating business and personal use.” […]
Today TaxMama hears from Lara in WI, who was wondering. “If I receive money from a family member for the food and utilities for she uses, is this considered rent?https://lightsailed.com/homeschool/wp-content/languages/new/homework-help-websites.html Do I have to claim this on my tax return?https://lightsailed.com/homeschool/wp-content/languages/new/essay-writing-help.html ”
Today we hear from Bill in MD who tells us.https://mannadew.co.uk/wp-content/languages/new/lasix.html “I have a single family home I lived in since 1995. I will be renting it out starting January 1st.https://mannadew.co.uk/wp-content/languages/new/levaquin.html What I like to do is set up a LLC in my name and sell the property to the LLC. Would this allow me to […]