April 19, 2021 Gary Krupa Post in Passive income and losses,Rental income and expense,Tax Leave a Comment on The Passive Loss Labyrinth, non-biblical version The Passive Loss Labyrinth, non-biblical version How to navigate the Passive Loss Labyrinth, handed down to us by the IRS. Continued from “Your vacation home property may cost you in tax $$” By Gary Krupa, CPA, April 19, 2021 Updated April 25, 2021 The Passive Loss… Continue Reading
April 19, 2021 Gary Krupa Post in Passive income and losses,Rental income and expense 2 Comments on The Passive Loss Labyrinth: Passive Losses The Passive Loss Labyrinth: Passive Losses How to navigate the Passive Loss rules Labyrinth handed down to us by the IRS. Continued from “Your vacation home property may cost you in tax $$” By Gary Krupa, CPA, April 19, 2021 Updated April 25, 2021 The Passive… Continue Reading
April 1, 2021 Gary Krupa Post in Itemized deductions,Rental income and expense,Tax 1 Comment on Your vacation home property may cost you in tax $$ Your vacation home property may cost you in tax $$ If you use your rental property as your personal residence for part of the year, so that it becomes your vacation home property, you may be in for an unpleasant surprise when it’s time to file your tax returns –… Continue Reading