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  1. How to insure rental property that's held by an LLC

    We own a house we live in and two rental properties. House's title is held by a revocable trust. Both rentals’ titles are held by an LLC. House insurance is in my wife and my names. One rental's...
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    Just to clarify, I did not use the property after...

    Just to clarify, I did not use the property after the conversion to rental. My question is, should I select Yes or No on line 2 of Schedule E (f1040se)? Please see the line 2 text from Schedule E...
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    880

    Okay. Thank you.

    Okay. Thank you.
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    880

    Establishing tax basis for rental property

    In 2009 I moved out of my condo that I had been living in for 14 years and converted it into a rental property. In 2004 I had some major upgrades (kitchen cabinets, new furnace, new tile floors,...
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    Rental expenses for part of the tax year

    I moved out of my house on 10/31/2009 and converted it into rental property. I only have rental expenses (new paint, carpet and minor repairs) but no income for 2009. The house is rented starting...
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