Taxman93
Level 2
12-07-2019
05:20 AM
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Best Answer Click here
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IRonMaN
Level 15
12-07-2019
05:20 AM
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I think we are going to need a little more info before we solve this mystery.
Slava Ukraini!
Just-Lisa-Now-
Level 15
12-07-2019
05:20 AM
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ya never heard of cellular roof rights before?
Can you amortize income?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Can you amortize income?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15
12-07-2019
05:20 AM
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Actually I read it wrong, but for the record, we don't have roof rights here. We have enough wide open spaces that they just build a tower or pay someone else to use their tower.
Slava Ukraini!
Slava Ukraini!
Just-Lisa-Now-
Level 15
12-07-2019
05:20 AM
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There's some kid of cell tower on the roof of the building my office is in, we're the tallest building in this area.....I thought the owners rented or leased the space out...seems like I remember them getting like 6000 a year way back when it was first installed.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15
12-07-2019
05:20 AM
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But back to the original question - cash basis taxpayers don't tend to amortize income.
Slava Ukraini!
Slava Ukraini!