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Thanks very much for such a thorough reply. You have confirmed my thoughts on continuing depreciation on the assets since essentially this property is going fro...
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A client had a second home that was a rental property. During 2024 the rental property activities ceased, andthat home is now his primary (and only) home. I sto...
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Thank you. That is exactly what I thought, but I wasn't sure if this was one of those quirky inconsistencies within the tax code.I appreciate your response very...
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I was recently provided a K-1 by a client for an estate to use in amending the client's 2023 tax return. The estate was opened and closed within the first fisca...
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Thanks very much. This is very helpful.
