JudyB
Level 3
04-16-2022
01:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client has expenses in 2021 for purchasing investment property which did not close until 2022.
Where can i take these expenses this year.
Terry53029
Level 14
04-17-2022
09:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Start up expenses (up to $5000 in year available for rent) Balance up to $50000 amortized over 15 years.
See link for easy reading, or pub 535 for official rules.
qbteachmt
Level 15
04-17-2022
10:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You had already asked this, here:
This is not Customer Support; it's peer users. There is no need to keep starting new topics on the same issue. I flagged your first post on this issue to be deleted.
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
JudyB
Level 3
04-17-2022
01:34 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you. I will look it up this way. Appreciate your answering