Sale or Trade of Business, Depreciation, Rentals
Top Frequently Asked Questions for Sale or Trade of Business, Depreciation, Rentals
- What forms do we file to report a loss on the sale of a rental property?
- I purchased a rental property last year. What closing costs can I deduct?
- I rent my home out for two weeks each year. Do I have to show the income on my return?
- What form and line do I deduct the standard mileage rate for my business travel and do I need to figure depreciation of the vehicle, too?
- Can the entire acquisition cost of a computer that I purchased for my business be deducted as a business expense or do I have to use depreciation?