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May 6th, 2011Efile Tax Returns
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Can I subtract a depreciation from my rental income when I do tax filing?.
I have a rental property (condo) and receive monthly rent. I heard I can deduct depreciation from this rental income when I do tax filing. I am doing it using H&R Block but cannot find any page where I can enter this. Thank you for any help.
I believe depreciation normally falls under the category of expenses.
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Tax Filing Livermore CA
How to correct a 2007 tax filing error?.
I usually claim the children (3) each year when I file my taxes; however, my EX, without notice claimed them prior to my filing this year and as it turns out both of us have claimed them. Can I file an amended return and correct this mistake by allowing her to claim them? Does the IRS fine or penalize the taxpayer for making such mistakes?
You have to amend your taxes; as long as you correct the mistake and do whatever is required/needed you will be fine
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