Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...
Jack Srimani
Is filing schedule E a must
Hi,
I am looking at a property and am requesting schedule E for income and expense statment. I was told that they do not file E. I am not sure as to how to make sure the past two years income and expense statement. I ...
Jeff D.
SCHEDULE E for PPP payroll calculation?
Does anyone know if Schedule E income can be used (instead of Schedule C) for determining payroll income (owner) for PPP?
Amos Smith
Mobile Home PARK Depreciation IRS Schedule?
Hi,I recently bought a new mobile home park, my CPA tells me that the non-land portion (road, pipes, water plant, good will) should be depreciated over 28 year. My CPA has never done tax on MHP before.I did a search ...
Sun Casper
IRS Schedule E - Multi-Unit Property
I have search for a while on t his specific question but cannot find an answer. When filling out the IRS SChedule E for a multi unit property,
do i list each apartment separately or do i have to list it as a "pro...
Katherine Valenza
Schedule E rental assets mixed up
Does anyone know what you have to do on a tax return if the assets were incorrectly entered for a rental unit that actually belongs on another rental unit? The owner is selling one of the rentals and the assets are i...
Ramsey Blankenship
Multiple owner vacation home/rental schedule??
My brother and his friends are purchasing a lake house in a very desirable location of La.
It is a beautiful home, right on the water, with a boat launch and slips. There are massive fishing tournaments on the lake ...
Joseph Parker
Seller Financing deal - trouble with Amortization Schedule
Hello everyone! New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm curren...
Kyle Bergren
Incentives/Penalties to keep Contractors on Schedule
BP members, I'm have a little frustration keeping contractors on a deadline in my fix and flips... Primary problem is dealing with the big box retailers installing new carpet. I have been rescheduled two times and not...
Scott W.
prospect tenant is independent contractor Schedule C ?
I received 2012 Schedule E. Shows gross income of $62k but after expenses, $33k. The prospective tenant uses a vehicle for his job so has $20k alone in vehicle expenses.
The person didn't include a depreciation sch...