The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-have-to-agree-100-with-cpascott-do-it-right-by-14554365.aspx

Subject:  Re: Rental property income Date:  3/15/2001  11:23 AM
Author:  TheBadger Number:  48457 of 121426

I have to agree 100% with CPAScott. Do it right by reporting no income in 2000 & then go visit the PAL rules to see if the net loss is deductible for your specific circumstances.

Falsifying a federal tax return in this case is not only wrong; it is illegal.

TheBadger

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us