Standard vs Itemized Deductions

Standard vs Itemized Deductions

Clients often ask me why they can’t deduct their (you name it).  Unless you’re paying a high-interest home mortgage or contributing generously to charity, you probably don’t have enough eligible expenses to deduct on Schedule A.  Your...
Schedule E – M.A.D.E. E.A.S.Y.

Schedule E – M.A.D.E. E.A.S.Y.

Whether you have a rental property for investment reasons or, like many military families, it’s time to PCS, you need to complete and attach IRS Schedule E to your 1040.  This information is based on both my personal experience investing in rental real estate...