Business Advisory Services
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us
By Jason Watson (Google+)
Yes. The Tax Court recently ruled that you can deduct rental losses for up to two years while you actively try to rent the property. There is a potential sticky point- let’s say you purchased a property in January but through required improvements, the property was not ready for rent until July. Depreciation will begin when the property is placed in service and ready for use, and in this case that is July. But you also incurred expenses outside of the improvements such as utilities and HOA dues between January and July- these expenses are deductible.
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us