New client comes in about preparing her 2014 and her Moms 2014 taxes. She is a Realtor and her Mom has rental property. She told me the tax preparer she was using retired. Then she made a weird statement more or less delivered as a question: "I own the truck my mom uses to maintain her rentals but I never needed the write it off but my Mom did so I had Mom write off my truck on her tax return and I understand that is legal, correct? My retired taxpayer told us it was"
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Last edited by AZ-Tax; 04-12-2015, 07:19 AM. -
Well, as long as she is willing to do it correctly with you, I wouldn't have a problem. And you need to advise her she should amend the prior returns, but you can't hold a gun to her head about it. -
Seems like the mom could deduct the mileage, that is if she is paying for the gas and upkeep and such for use of the truck.Comment
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Amending 2013 adding form 982
Amending 2013 adding form 982. Would I mail in 1040X, form 982 & TP's insolvency supporting docs OR 1040X, correct 1040, copy of 1099-C, form 982 & copy of TP's insolvency supporting doc?
WHOOPS, put this under wrong topic.Last edited by AZ-Tax; 04-13-2015, 08:31 AM.Comment
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Hey, A-Z. Did you know you can delete a message (as long as it is not your initial post?)Comment
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