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Type: Posts; User: shannahan
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Just curious -- are you a tax professional? I see "computer expert" under your user name. I'm new to this website and am wondering if all questions are answered by real experts or if they can be...
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I want to use my home equity loan to pay for upcoming cosmetic dentistry. The cost of the dentistry will be well within the allowed limit for deducting home equity interest. (My house is worth $1.5...
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I sold real property in 2008 that I inherited from my mother. There was a loss on the sale, but I can't claim the loss because there was personal use of the property. However, on the closing...
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Thanks for the response. So I gather from your response that it doesn't matter that the rent comes from a farm?
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I received a 1099-S and would like to report the sale even though there is no tax consequence to me. I just don't want to get a letter form the IRS because I failed to report the sale. I just need...
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On Schedule D, how do I describe real property that I inherited and sold? It was personal-use property, and I know that I can't deduct the loss on the sale. Do I need to show the address of the...
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My brother and I inherited farm property in Ohio in 2008 that was owned by our mother, who lived in Florida. For many years, she had been renting the property out to a company that runs a farm on...
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