All Forum Posts by: Matt Ward

 Amortization and Depreciation are not the same thing.

@Nick B. Hire a tax pro. I can promise you are doing your basis calc wrong, among other things. People go to school, get advanced degrees and certifications, and build careers to tackle the challenges you are trying to overcome on a free forum and with turbo tax. Come on.

@Horacio Gutierrez you pay a tax pro to do this

@Michael Gee not sure why you’d do this... you’d be filing an incomplete tax return. Amending will just cost you more money.

This thread is nuts

@Paul Sandhu amortized roofs?

 So true!

@Jill E. Are you implying you want to take some of the passive income you have from rentals that is not subject to SE tax and turn it in to ordinary income??

@Brian Bradley seems like you are dramatizing the CA tax liability a bit. While it is steeper than other states, in the bigger picture, it's just $800/yr per LLC....

@AJ Golden Congrats, curious why you decided to leave the Texas market for Ohio?