@Nathan CoxThe "2 out of the last 5 year rule" in real estate allows homeowners to exclude up to $250,000 ($500,000 for married couples) of capital gains from the sale of their primary residence if they lived in the home for at least two out of the five years before the sale.

Can you please elaborate on this:Keep in mind you can use Form 2210 along with your return to show the IRS how much income you earned by quarter and make your estimated tax payments accordingly.

Are you married?

Mathematical errors: If you miscalculated a deduction or credit, an amended return can help correct the error.Filing status change: If you originally filed as single but are now married or qualify as head of household, you can amend your return to update your filing status.Missing or incorrect income: If you missed reporting income or reported an incorrect amount, you can amend your return to get this corrected.Missing deductions or credits: If there was a deduction that you were entitled to, but you forgot to claim it, you can amend your return to include the deduction.How should you amend your tax return?

Just a bit about me:I recently married my amazing wife, Kasheah, in April.

Given the current environment of high prices and high interest rates, it is not likely that a taxpayer will pay tax on rental income for properties purchased now.

However, the real value of those deductions to a particular taxpayer can only be determined in conjunction with their tax professional.

My mom had her own view of the world, but she was 11 years younger than he was and he married her right after she dropped out of college.

Here is my situation:I've owned and lived in my house as my primary residence for 3 years.Up until the last year, I have rented out spare bedrooms (space within the living area).I got married about a year ago and my spouse has now been living in the house as her primary residence for 12 months.Question 1: IRS publication 523 states in the section under Business or Rental Use of Home, "If the space you used for business of rental purposes was within the living area of the home, then your usage doesn't affect your gain or loss calculations.

This model provides a lot more accountability as the interest have to be mutually aligned since that provider will be married with you through the longevity of the investment.