I have rented a townhouse for 22 years. Now my wife and I are thinking of moving into it, converting it to our personal residence. I have significant suspended deductions, primarily expenses, interest and depreciation, that I could not take due to our income level. If I convert the property to personal [...]
Posts under ‘Landlord Q&A’
What does tangible personal property mean?
I started an online boutique store to sell items I make as well as drop shipping for other boutiques…. I am filling out my tax/use tax form and it asks if I am registering for sales tax. Then the definition is:
Register for Sales Tax if you:
-Sell tangible personal property to the end user from a [...]