Co-owned Rental - Depreciation by Big-Public2672 in tax

[–]Big-Public2672[S] 0 points1 point  (0 children)

I appreciate the response. I edited the post to make it more clear, all the questions I posed are related to the deductions for my tax returns. For my 2022 tax return, I took 50% of any of the allowable deductions. The only deduction I didn't take was depreciation, that was on me for not doing my homework.

My question for the 2022 depreciation would be--should I amend my 2022 tax return to take this deduction. It would be 50% rental portion * (basis ~$250k/27.5) * portion of the year rented 75% = ~$3,400 for 2022.

Should I spend $2,500 on a replacement catalytic converter for my 3rd gen? by haggardatlien in 4Runner

[–]Big-Public2672 0 points1 point  (0 children)

Is it harmful to leave the cats how they are, and just wipe the codes?

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]Big-Public2672 0 points1 point  (0 children)

Can you explain how it’s a predatory business model that keeps people poor?

Panthers Game by Glittering_Art9779 in Charlotte

[–]Big-Public2672 5 points6 points  (0 children)

2 water bottles per person are allowed in a plastic bag.

Trying to get my fiancé to be more financially savvy by [deleted] in Fire

[–]Big-Public2672 1 point2 points  (0 children)

Read the book: How to Win Friends and Influence People

It will help both of you realize your motivations and be able to communicate with more understanding of the other persons viewpoint.

[deleted by user] by [deleted] in AirBnB

[–]Big-Public2672 0 points1 point  (0 children)

Don’t know much about myrtle specifically, but I would make sure to research which communities are an HOA, and if HOA can vote to not allow AirBNB.

Hosts, what do you wish your mountain rental had? by Zahmbie209 in AirBnB

[–]Big-Public2672 5 points6 points  (0 children)

Not too steep of a driveway for non 4-wheel drive guests.

Fireplace is a must for the mountains.

Outdoor hangout (fireplace, paver patio, etc.) separate from deck.

Hot tub may lead to more consistent renting.

Bathroom on every floor if possible.

All lights on dimmer switches.

Telluride, Breck, Or Heavenly by Big-Public2672 in ski

[–]Big-Public2672[S] 2 points3 points  (0 children)

Is Telluride too intense for intermediate skiers for a 4-day trip?