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| 2025/04/07 06:46:18瀏覽22｜回應0｜推薦0 | |
| 2. 4- dropped, 5 entered (四舍五入) still not consist, government tried to get more taxes not base on each item amount, however it is quite minor.
ILL state(for senior) car registration(licence plate renew) fee not deductible. --not all base on each item amount, it depends if each item 四舍五入 good to increase income, if each item 四舍五入 reduce income then wont 四舍五入 but added all items then 四舍五入. such as 1040 Line 2b (1099-INT); not base on each item(banks and investment cash interest) amount 四舍五入 but added all then 四舍五入 3 the rental income deduction was changed. never understood in the past certainly wont know how to fill the new deduction form sch C, E, F, QBI... and rental house/car depreciation. to answear the weird question cant but hard working search, such as : a small-business owner must has company or not? No, a small-business owner doesnt have to operate as a company; they can choose to operate as a sole proprietorship, partnership, or form a limited liability company (LLC) or corporation Heres a more detailed explanation: Definition of a Small Business: The Small Business Administration (SBA) defines a small business as one that is independently owned and operated, not dominant in its field, and meets size standards based on industry. ps scare me a lot sounds like a office/company like, or renting house itself counted as meets size standards based on industry? Sole Proprietorship: 独资经营公司;独资;个人企业;个体经营; If you own and rent out a property without forming a separate legal entity独立法人实体 like an LLC, you are considered a sole proprietor. This means theres no legal separation between your personal and business assets. ps so me-type belongs to "Sole Proprietorship" ? owns one renting house owner without join any small company can be called a small-business? Yes, owning and renting out a single house, even without forming a company, can be considered a small business, especially if the activity is undertaken with the intent of making a profit and involves regular and consistent efforts to manage the property --certinaly every renting house owner wants to making money in case SSA fall down, companies pension fail, investment 输光光 that is what i was told before and can see one by one stock/mutual fund deeply down and 3 (or 4?) already failed by masters wars. 4/4/2025 $10, $9, 2$7,$4 all dividends, interest wipped off toward to 2013 in stead 20210909 within 2 days huge loss. there are others not fit us :LLC (Limited Liability Company),Business Licenses, EIN (Employer Identification Number) if you have emploees, Property Management Companies Passive Activity: Rental activities are often considered a passive activity, meaning that losses can only be used to offset income from other passive activities. --from what i saw that means you spent less time and "not" actively find renters ie you paied agent, make lease, keep transactions, DIY clean/repair/maintainence... in the past tax app wont allow me-type as active but this year updated can count as active ? ps not prety sure though. Tax Implications: As a sole proprietor, you report your rental income and related expenses on your personal income tax return, typically on Schedule E. What is the tax form for rental losses? Federal return Report your rental income and expenses on Part I, Income or Loss From Rental Real Estate Royalties on Supplemental Income and Loss, Schedule E (IRS Form 1040) . Visit IRSs Tips on Rental Real Estate Income, Deductions and Recordkeeping for more information.Feb 7, 2025 .......................................... however searched : Should I report my rental on schedule E or schedule C? Generally, your rental income is passive and should be reported onto a Schedule E (even as a real estate professional). However, if you provide substantial services in conjunction with the property or the rental, you can use Schedule C to report the income. ps isnt very confused? or Sch C also for those paied agent to get renters and spent less time to clean/maintain/repair... the house, not just LLC type. What is Form 8582 for rental property? Form 8582 helps individuals who earn income from rentals or businesses in which they dont actively participate—known as passive activities—determine the losses they can deduct on their tax return for that year.Oct 16, 2024 TurboTax - Intuit https://turbotax.intuit.com › tax-tips › rental-property › i... What is Form 8829 and Schedule C? You need to report the deductible amount from Form 8829 on Schedule C, where its combined with other expenses and used to calculate the profit or loss from your business. If youre not a sole proprietor – that is, you dont file Schedule C – then you shouldnt use Form 8829.Jan 21, 2025 --isnt more confused now? this is why i wont pay $60 to get correct answear, in the past already found different posters conflict to other answears. Sch C and Form 8829 very likely for LLC type or business Licenses, EIN . not for me-type. Sch C and Form 8582 for those paied agent to get renters.... .................................................... ps form sch C, E, F, QBI... so far only found sch C for LLC (Limited Liability Company) and searched "what form use for renting loss except schedule C and schedule E?" got: Who qualifies for the QBI deduction? The QBI deduction is for you if youre a small-business owner, or self-employed, allowing you to deduct up to 20% of your QBI from your taxes. This includes people who have “pass-through” income, which is business income that you report on a personal tax return.Nov 16, 2023 --so me-type also can get QBI deduction, or Sch E use QBI form? serached "what is pass-through income" got : What is an example of a pass through income? Most US businesses are not subject to the corporate income tax; rather, their profits flow through to owners or members and are taxed under the individual income tax. Pass-through businesses include sole proprietorships, partnerships, limited liability companies, and S-corporations. How does passthrough income work? Pass-through taxation means that an LLC doesnt file a corporate income tax return with the IRS. Instead, once an LLC has paid its expenses and debts, the LLC owners or members pay tax on any remaining revenue. What is pass through income details? Pass Through Income under Sections 115UA and 115UB of the Indian Income Tax Act pertains to the taxation of income earned through certain investment vehicles, such as Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Alternative Investment Funds (AIFs). ps REIT too, so it is not qualified dividends that we got 1099-DIV $130.96 ? Any way, more searched more confused. need time to clear my brain or listened to spouse a "buffer" in case bad things happen to us because not knowing the freaky complex tax system that just rent a house got so much trouble and living in the fear if some misunderstood. ps the 1st renter we paied agent 2 months renting fee, but what we got renter? this is why i found renters by myself because the agent himself also renting to renters. i bet he got bad one then transfered to us and can continue keep the bad client business. i did register in Craigslist and got worse and worse renters except the 2nd renter made a hole in our new installed vinl-wood floor who are the best one we got. the worst is before we rented the worst renter, found fraud in CA declared he/she own our renting house and tried to collect potential renters fee, i reported police(got the fraud same phone number from victims) but not accepted (who told me unless we lose house/money or potential renters loss money) then the worst happened the fraud tried to sell our house. so cant but frequently came to old house and told those unkbown renters/visitors (requested them to show me the fraud phone number) if they(5?) paied must report to police we cant help. a young man from other state hoping i can rent to him with quite low renting fee as he has kids and came far away...i turned down because how do i know the fraud and them are team or not. i was told by across street that she saw some came very late looking thru our windows with flash light, and sometimes i was in the house some of them didnt ring the bell or knock the door but left. now i only thru friends, neighbours who knew the potential renter background(such as got job and married, 1 normal kid or 2 small babies...). i did search that showed many accused the Craigslist is fraud/criminal website, today searched again "which website is a fraud to cheat renting house owners?" no answear. but shows: Is Craigslist safe for renting? Landlords often use Craigslist to post their rentals and source applicants from a different place than a syndication site. However, there can be fake postings on Craigslist that are rental scams. Learn more about how to spot a false listing in our post. Do people still use Craigslist for apartments? Love it or hate it, Craigslist remains one of the go-to websites for people looking for apartments to rent. Some property managers and landlords shy away from putting their rental listings on Craigslist, which is understandable.Jan 5, 2025 Which is better, Craigslist or Facebook Marketplace? For local buying and selling, Facebook Marketplace generally outperforms Craigslist due to its ease of use, larger user base, and integrated messaging system, although both platforms have their pros and cons. ... didnt mention owners might suffer fraud/criminal pretended as renting house owner to collect renters fee or sell your house. |
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