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Wednesday
Feb 08th
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Rental property E-mail
Client bought a 3 bedroom house for college bound child. 2 rooms will
be rented out. Client put enough down on house so that the rent from
the other 2 will cover the note. The 3 inhabitants will split all
utility costs. Can client deduct 100% of costs or does he have to
split it between personal and rental expenses?
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  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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