My condo has both my name and my son’s name as joint tenants. Could he write off my unit as a rental & use my monthly maintenance & taxes as a write off?
How do I report write offs for a farm deferral?
My wife recently closed her small antique business (LLC) after 13 years and now has approximately $50K worth of left over inventory that is in storage. We have included our business financials with our family joint filings on our Federal Tax return. Can we include this $50K somehow as a deduction on our tax filing? Or how…
I have been paying my over 18 year old child for work she is doing for my small business. What are the rules on this as a deduction?
I have been retired for years and my taxes have been simple. I haven't had to do anything to have taxable income low enough to have zero taxes. That is about to change. I have been investing in courses and purchasing equipment for my new business, teaching martial arts online via a YouTube channel and Online Course…
Considering allowing local fire department to use my home for training before tearing it down and rebuilding. Can I deduct the structure value less costs saved for demolition?
I'm a delivery driver in CA. I have to provide my own equipment and vehicle to make deliveries. I pick up large orders from various venders around Los Angeles and deliver the orders to clients. Before 2019 I worked as a freelance driver then in late 2019 I was classified as an employee and get a W-2. 2022 was an expensive…
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