Search results

I have a clients schedules in front of me. They have acquired 20+ properties. They have a schedule for each property they own. The WORST schedule gave deductions of $8,000 over its first three years. The best schedule equates to $17,000 over three years. In the later years the worst property...

Yes. If the IP has been rented make sure that the schedule allows you to amend your 2012 and 2013 year tax returns to claim the new deductions. Make sure your QS knows you intend to amend to avoid all doubt. There is a two year amendment period based on the date of the assessment notice. If...