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  • April 7, 2019 at 5:50 PM in reply to: For 2018 Taxes, what is QBI and how do you qualify a profitable rental as QBI? #812238
    4scommon
    Participant

    Hello,

    I have a rental property that I manage i.e. I find tenants, I sign the lease. Its typically an yearly lease,  I take care of or employ handyman to attend to maintenance issues or repair needs etc. My tenants call/txt me all the times for any issues, so I do spend time attending to those as well as any repair visits. I don’t have documentations to prove each of them or quantify the time spent.  .Do I meet the safe harbor rule of 199-A? Per the IRS pub, even if one doesn’t fit into 199-A safe harbor rule, he or she can still declare the rental as business as long as burden of proof is met.

    Can I claim the QBI deduction? This is the first time turbo Tax questionnaire promoted me to claim QBI deduction. 

    Pl advise.

    February 4, 2009 at 8:22 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341507
    4scommon
    Participant

    What are the eligibility criteria?
    Does it apply only to homes purchased after Dec 31st 2008?

    February 4, 2009 at 8:22 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341413
    4scommon
    Participant

    What are the eligibility criteria?
    Does it apply only to homes purchased after Dec 31st 2008?

    February 4, 2009 at 8:22 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341386
    4scommon
    Participant

    What are the eligibility criteria?
    Does it apply only to homes purchased after Dec 31st 2008?

    February 4, 2009 at 8:22 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341283
    4scommon
    Participant

    What are the eligibility criteria?
    Does it apply only to homes purchased after Dec 31st 2008?

    February 4, 2009 at 8:22 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #340958
    4scommon
    Participant

    What are the eligibility criteria?
    Does it apply only to homes purchased after Dec 31st 2008?

    January 25, 2009 at 2:24 PM in reply to: I want my bailout! #335743
    4scommon
    Participant

    Tg,

    Thanks. I guess I have company.
    I wonder why the folks who bought after Jan 1st, 1st 2008 and before April 1st, 2008 don’t qualify for any of these govt hand-outs?

    For all those who bought before Jan 1st 2008, there is H4H/HOPE a.k.a. loan modification.

    For all those who bought After April 1st 2008, there is $7500 non-refundable credit.

    What did we do?

    January 25, 2009 at 2:24 PM in reply to: I want my bailout! #336273
    4scommon
    Participant

    Tg,

    Thanks. I guess I have company.
    I wonder why the folks who bought after Jan 1st, 1st 2008 and before April 1st, 2008 don’t qualify for any of these govt hand-outs?

    For all those who bought before Jan 1st 2008, there is H4H/HOPE a.k.a. loan modification.

    For all those who bought After April 1st 2008, there is $7500 non-refundable credit.

    What did we do?

    January 25, 2009 at 2:24 PM in reply to: I want my bailout! #336186
    4scommon
    Participant

    Tg,

    Thanks. I guess I have company.
    I wonder why the folks who bought after Jan 1st, 1st 2008 and before April 1st, 2008 don’t qualify for any of these govt hand-outs?

    For all those who bought before Jan 1st 2008, there is H4H/HOPE a.k.a. loan modification.

    For all those who bought After April 1st 2008, there is $7500 non-refundable credit.

    What did we do?

    January 25, 2009 at 2:24 PM in reply to: I want my bailout! #336157
    4scommon
    Participant

    Tg,

    Thanks. I guess I have company.
    I wonder why the folks who bought after Jan 1st, 1st 2008 and before April 1st, 2008 don’t qualify for any of these govt hand-outs?

    For all those who bought before Jan 1st 2008, there is H4H/HOPE a.k.a. loan modification.

    For all those who bought After April 1st 2008, there is $7500 non-refundable credit.

    What did we do?

    January 25, 2009 at 2:24 PM in reply to: I want my bailout! #336070
    4scommon
    Participant

    Tg,

    Thanks. I guess I have company.
    I wonder why the folks who bought after Jan 1st, 1st 2008 and before April 1st, 2008 don’t qualify for any of these govt hand-outs?

    For all those who bought before Jan 1st 2008, there is H4H/HOPE a.k.a. loan modification.

    For all those who bought After April 1st 2008, there is $7500 non-refundable credit.

    What did we do?

    January 21, 2009 at 10:00 PM in reply to: I want my bailout! #333358
    4scommon
    Participant

    Thanks but it doesn’t answer my question.
    Do I qualify for $7500 credit if I bought home( closed escrow)in March of 2008?

    January 21, 2009 at 10:00 PM in reply to: I want my bailout! #333273
    4scommon
    Participant

    Thanks but it doesn’t answer my question.
    Do I qualify for $7500 credit if I bought home( closed escrow)in March of 2008?

    January 21, 2009 at 10:00 PM in reply to: I want my bailout! #333247
    4scommon
    Participant

    Thanks but it doesn’t answer my question.
    Do I qualify for $7500 credit if I bought home( closed escrow)in March of 2008?

    January 21, 2009 at 10:00 PM in reply to: I want my bailout! #333165
    4scommon
    Participant

    Thanks but it doesn’t answer my question.
    Do I qualify for $7500 credit if I bought home( closed escrow)in March of 2008?

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