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Did you read through the thread? I already have a nice watch, why would I downgrade?
I asked two CPA's earlier today. CPA 1. Income shifting, illegal. CPA 2. Asianballa claims the deductions, reports on tax return, gifts...
I don't have anything in mind, it's not for me. I have one watch that I paid over $1k for awhile back that I never wear. I wear it when I need to...
You're right, I forgot about the gift of $14,000 per parent to child that is nontaxable. Basically he can take the rental property as a loss...
Can anyone recommend some Swiss made watches around $500 or less? I have some weird Uncle who's looking to purchase one. I don't know jack sheep...
If he's not recording any profits on the property, there's no profit to deduct on his schedule c. Therefore, what deductions will he be eligible...
You claim the property on your tax return as you are the legal owner. You are unable to claim tax reduction for property taxes and mortgage...
