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It is my understanding that leased vehicles over 6000 lbs can take a Sec. 179 - limit of $30,500 but cannot take depreciation if using actual expenses which inc...
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I have a K-1 (1065) with a loss ($-2970) on line 2; Line 5 is $26; Line 20, code A - $26; code N - Sch K-1, Line 2 Business Interest Expense - $1645; and code A...
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It is Power of Attorney income from an aunt to her niece. Aunt told her attorney to pay her niece for taking care of things prior to her death. It is my underst...
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Thank you so much for your help. I finally got it straightened out and the return was accepted. Thanks again.
