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| Pilgrim wrote: - quote - > I own a rental that I through out the last few years have
Time you allowed the chruch to use your rental is personal> not had rented all twelve months of the year. The first > question is can or should I claim a full years depreciation > even though it has not been rented the whole time? And > secondly I have allowed my church to use it for a youth > center rent free. What if any deductions are available to me > for this service to a non profit organization? use. Time it was rented or held out for rental use would be investment use. I would prorate investment use days over 365 and use that percentage of your expenses and depreciation. Claim all of the rental income. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| I own a rental that I through out the last few years have not had rented all twelve months of the year. The first question is can or should I claim a full years depreciation even though it has not been rented the whole time? And secondly I have allowed my church to use it for a youth center rent free. What if any deductions are available to me for this service to a non profit organization? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| depreciation, rental |
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