I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.

2) As a partial year resident, do I just include the resident portion of taxable income in the base, rather than use the non-resident worksheet? 

@Andrew Campbell May I ask for a PM recommendation on medium size multifamily in SA?

HI
I need replacement windows for bedrooms and needs to meet NJ egress window code.
is anyone familiar with what exactly would meet the code?

This can reduce your taxable income for the year.Carrying Forward Unused Losses: If your total capital losses exceed your total capital gains plus the allowable deduction against other income (currently up to $3,000 for individuals or $6,000 for married couples filing jointly), you can carry forward the unused portion of your capital losses to future tax years.Regarding your question about deferring capital losses into 2023 and using them to offset capital gains in that year, yes, you can typically carry forward unused capital losses from previous years and use them in future years, even if you had capital gains in those previous years.So, if you choose not to use all of your capital losses from 2022 to offset your income in that year, you can carry forward the remaining losses to 2023 and use them to offset capital gains you expect to have in that year.

What have been the most important upgrades you made (or wish you had made) before renting out an 'efficiency sized' ADU?

However, the max loan size for Conventional for a 3 unit is set at $1,186,350.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

Go look at similar listings (size, amenities) on Airbnb or VRBO or wherever you're listed and see what the cleaning fee is for a 2 night stay.Some day you may wish to hire a cleaner, and it will be a rude awakening if you were artificially inflating your occupancy with no cleaning fee and all of a sudden have to add a cleaning fee.On the other hand, while you're still starting out, getting a lot of bookings and reviews right now is the most important time to do it.

Select a property that ticks all the boxes - location, features, size, design - to appeal to potential visitors.