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There is a software glitch. Is the credit showing removed from the actual 1040? Is it showing a different result? The glitch was causing returns to say there wa...
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Another scenario to throw at everyone🤓Client took a cash-out refi on Property A. The original loan balance at time of refi was 100k and he took out an addition...
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@jeffmcpa2010 Given the rules about acquisition versus equity debt on the Federal side, do you agree with only 50% of the total interest being allowable 125+25 ...
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Hi@jeffmcpa2010 Thanks for throwing a thought out! The new loan was taken out by sister 1 and the husband of sister 2. They all live together in the house so th...
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ScenarioHouse was owned by Client 1 and Client 2's father. In 2013, the father used a quitclaim deed to transfer ownership to clients 1 and 2. After the change ...
