by rachel | Sep 9, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, A prospective client and a property that is 50% his primary residence and 50% rental property. Can we claim half of the credit as a business credit and half as an energy-efficient credit? Thanks for your help. From...
by rachel | Aug 13, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, I recently purchased the Short-Term Rentals Comprehensive Strategy and have gone through it. However, I was hoping it would address Mid-Term rental situations. Mid-term rentals (longer than 30 days due to HOA rules to...
by rachel | Aug 13, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, Please help me with form 1120s on form 7203. My sister elected her LLC to be taxed in the 1120s. She has 200 common stocks in her S Corp, and she had zero stock basis on 1/1/2023, as noted in her form 7203. Suppose my...
by rachel | Aug 2, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, How is selling a rental held in an IRA treated? Would the proceeds be treated as ordinary income when distributed? Thanks for your help. From Brass Tax Presentations Self-directed IRAs can be complex, with numerous...
by rachel | May 28, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, I’ve taken your courses for a few years – since I started preparing returns officially. I have a question about partnership (1065) and payroll. We set up payroll for the partners however, the 1065 doesn’t...
by rachel | May 15, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, I need your expertise on this because I only have one other client in this similar situation. Grandmother goes to her daughter’s home to care for her grandchildren 2-3 times a week. She gets paid by Child Development...
