<keefnj[at]aol.com> wrote:

- quote -

I think you have to relate the expenses to the type of
income generated.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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I have a partnership that no longer is in a trade or
business (sold rental property and has investment income
only). Would expenses such as the following be taken on
Page 1 to create a loss or considered investment expenses
subject to the 2% limit:

Accounting Fees
State partnership taxes/fees (NJ)
Office Expenses

Thank You, Kevin

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >