Should I report rental expenses if I don't owe tax?
Yes.
Redlands, CA
Tax Lawyer at Redlands, CA
Practice Areas: Tax, Bankruptcy & Debt ... +2 more
Yes.
As stated above, receiving a 1099 doesn't necessarily mean you'll owe tax. However, you do want ot make sure that the infomration is addressed...
As you're aware, a 1030 exchange must be "like kind" in order to qualify for deferred tax treatment. It sounds like you have enough time to meet...
Yes, you'll need to file in the US and you should also retain counsel on the matter. Better to get things right now than have a mess to cleanup later.
You've certainly got an interesting situation. If his estate was probated then you'll be able to contact the probate court in the state to find the...
Yes there is. Call your local IRS office and explain your question and they'll be able to assist. Here's a link to get you to the right place. ...
A non-custodial parent may claim the child deduction and child tax credit for a qualifying child but not the earned-income credit because of the...
Creative thinking here. If you're reporting any of the three items on your personal return, you're definitely in a grey area (dark grey to say the...
Sorry to hear about your wife. In some situations the funds may not be taxable but in most situations, when the inherited funds are withdrawn by...
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If the house qualifies as you primary residence and you lived in it at least two of the last five years (and did not sell another primary residence...