I agree with the others. Hire a professional and also read the IRS publication on residential real estate. It has a number something like 527. It is must reading. I understand that the IRS has been auditing lots of people who are taking deductions for RE incorrectly. After all, there's 2 wars to finance. Good Luck.
I agree with the others. Hire a professional and also read the IRS publication on residential real estate. It has a number something like 527. It is must reading. I understand that the IRS has been auditing lots of people who are taking deductions for RE incorrectly. After all, there's 2 wars to finance. Good Luck.
Posted by: DSutphin at February 10, 2009 11:20 PM in response to Rental taxes and deductions