MGC94
Level 7

This is for tax year 2020* 

5 total properties 

2 rentals 

Paving company made $175,000

Storage company made $62,000 

 

lot 73. has 2 rentals and used on schedule E property taxes $4,929.04

lot 75. property taxes are $20,979.91 (on this is the main home/ storage sheds for storage business/ where the paving equipment is)

lot 77. just open lot no storage (keeps boats and misc. things there) $3,575.56 property taxes 

lot 59. empty house property taxes $4,026.06 Other on schedule A 

lot 5. another rental property taxes $1,986 Schedule E 

 

Can I put a home office on both schedule Cs? One for paving company/ one for storage company if it is the same home office? Should I just put it on the paving company since it makes the most money? 

 

 

 

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