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Base on IRS notice 2014-7, the income is excludable from gross income for federal tax purpose. Do i just leave the income out completely or somewhere to report ...
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it is just mother and the son.the partnership owns multiple rental houses, just one of the houses is not rent out for income
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Hi everyone,my client, a partnership, rents out residential houses. In 2021, one of the houses was rent to family relatives. Due to pandemic, my client decide n...
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this is awesome, thank you for all the suggestionsI take a close look on each one.much much appreciation
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the "company" just referring to my client wasn't clear what type is it.but now i am sure it is a C corp. and 2020 is filed as a C corp also. so if any election ...