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Thank you that was the definition that I was looking for.John
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Terry,I read that also before but I guess my question should be is what constitutes a second home. Is that where a taxpayer owns a summer home that they live in...
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Hello Community,I have a question that I am perplexed over.I have a client who with his mother is on the title of his mother's house as a co-owner. He does not ...
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Yes everything is gone and they will be filing a final 1065 for 2024John
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SJRCPA,What you said is true but if it never got to the point of being a rental because construction in progress was sold can I claim it as a rental expense on ...