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All Forum Posts by: Andrea Williams

Andrea Williams has started 4 posts and replied 12 times.

Post: Tax question from a newbie

Andrea WilliamsPosted
  • Anniston, AL
  • Posts 12
  • Votes 14

My husband and I bought a commercial property in February that’s doing well, but now we’re about

to buy our first SFR, and it's a unique situation. We're purchasing my husband‘s grandfather's home from his mother. We're not actually closing on the deal for two more months, but we've been working on the house. I've spent money on flooring, appliances, and repairs. Is this going to be an issue at the end of the year when we our taxes? Is the date that I put the property in service conflicting with the date of the repairs and expenses going to be an issue and throw up red flags for the IRS? Any advice or guidance would be greatly appreciated!! Thanks so much to anyone who responds!!

Post: Vehicles Left At Property - Chattanooga

Andrea WilliamsPosted
  • Anniston, AL
  • Posts 12
  • Votes 14

Hi Alex. I work at an automotive dealership (have for 7 years). I would be happy to help you try to get an idea of how much the vehicles are worth.