Tag Archives: Schedule E

Double Reimbursement

Today TaxMama hears from Doug in the TaxQuips Forum who is arguing with his work buddies. “We are a group of field technicians that work entirely out of our home and have no local office to report to. We drive directly from our home to a customer site, and the visit usually is completed that […]

HUD 1

Today TaxMama hears from Craig in the TaxQuips Forum, who asks.buy premarin Canada https://langleyrx.com/premarin.html no prescription “Are items on a HUD-1 (seller’s side), Lines 510-519, deductible by the seller as taxes paid on Schedule A or are they adjustments to the basis?”

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 […]