1. #1
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Tax specialist. Can you and where do you deduct homeowners association dues?

    Let me know something. Thanks.

  2. #2
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Seaberg I swear your going to get fukkin audited if youy listen to guys at sbr

    Seaberg call a fukkin tax guy man

    Best of luck tonight

  3. #3
    flyingillini
    flyingillini's Avatar SBR PRO
    Join Date: 12-06-06
    Posts: 41,218
    Betpoints: 2163

    Why are you even doing this yourself? You should have an accountant do all of this for you. SBR is the last place I would ever ask for any kind of advice. Good luck to you.

  4. #4
    wtt0315
    This is the Broncos Year.
    wtt0315's Avatar Become A Pro!
    Join Date: 01-18-07
    Posts: 8,037

    no I do not think so I pay 499 a month and we have never deducted

  5. #5
    Jayvegas420
    Vegas Baby!
    Jayvegas420's Avatar SBR PRO
    Join Date: 03-09-11
    Posts: 28,143
    Betpoints: 15015

    Its the most wonderful time of the year

  6. #6
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by wtt0315 View Post
    no I do not think so I pay 499 a month and we have never deducted
    I didn't think you could, just wondering.

  7. #7
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by jjgold View Post
    Seaberg I swear your going to get fukkin audited if youy listen to guys at sbr

    Seaberg call a fukkin tax guy man

    Best of luck tonight
    I didn't think about that JJ. I am sure the feds are on here trying to catch someone who doesn't pay on their gambling winnings.

  8. #8
    TankHankerous
    Frrrrrrunkis!
    TankHankerous's Avatar Become A Pro!
    Join Date: 03-22-12
    Posts: 2,088
    Betpoints: 576

    No, you cannot get out of your obligation to chip in like every other tax payer. You use the services supplied by our government every single day and you have the nerve to try to pay less into it???

    Your kind make me sick. What ever happened to the America promised by Obama? What ever happened to predictablity? The milk man, the paperboy, evening t.v.?


  9. #9
    SparJMU
    SparJMU's Avatar Become A Pro!
    Join Date: 02-18-10
    Posts: 1,648
    Betpoints: 7523

    I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.

  10. #10
    Jayvegas420
    Vegas Baby!
    Jayvegas420's Avatar SBR PRO
    Join Date: 03-09-11
    Posts: 28,143
    Betpoints: 15015

    Question for the CPA.
    Can you deduct gambling losses on your Amercan tax returns?
    Is this why they can tax your winnings?

  11. #11
    dodger33
    Kershnasty
    dodger33's Avatar Become A Pro!
    Join Date: 08-14-09
    Posts: 3,962
    Betpoints: 244

    Quote Originally Posted by SparJMU View Post
    I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.
    Or if you have a home office

  12. #12
    flyingillini
    flyingillini's Avatar SBR PRO
    Join Date: 12-06-06
    Posts: 41,218
    Betpoints: 2163

    Can you deduct losses from BTC? Most CPA's wouldn't know how to answer this. That's why I don't mind paying top dollar for the best.

  13. #13
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
    Join Date: 08-22-07
    Posts: 26,906
    Betpoints: 7585

    Quote Originally Posted by Jayvegas420 View Post
    Question for the CPA.
    Can you deduct gambling losses on your Amercan tax returns?
    Is this why they can tax your winnings?
    yeah you can deduct gambling losses but you have to itemize and you can only offset the winnings. crappy states like wisconsin don't let you deduct the losses so if you win $5000 and lose it right back you still owe wisconsin taxes of $300 or so.

  14. #14
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
    Join Date: 08-22-07
    Posts: 26,906
    Betpoints: 7585

    illini what's btc?

  15. #15
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by SparJMU View Post
    I am a licensed CPA. You can not deduct homeowners association dues on your individual tax return. If it is an investment property, you can deduct homeowners fees just like you would any other expense.

    thanks sparj. I can now efile my taxes. I didn't want to leave anything on the table.

  16. #16
    Kindred
    Bitcoin=Freedom
    Kindred's Avatar Become A Pro!
    Join Date: 09-09-08
    Posts: 2,901
    Betpoints: 473

    In pa you can on your state income taxes

  17. #17
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
    Join Date: 08-22-07
    Posts: 26,906
    Betpoints: 7585

    Quote Originally Posted by Kindred View Post
    In pa you can on your state income taxes
    really?

    just another reason wisconsin sucks for taxes. high income taxes, high real estate taxes, etc

  18. #18
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Taxes done. Thanks for the tax advice.

  19. #19
    jarvol
    jarvol's Avatar Become A Pro!
    Join Date: 09-13-10
    Posts: 6,074
    Betpoints: 3670

    Just finished mine on TaxAct again this year. Not bad at all. Import all info from previous year and change a few numbers and download the year's worth of stock trades into a csv file to upload and done in an hour max.

  20. #20
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Quote Originally Posted by jarvol View Post
    Just finished mine on TaxAct again this year. Not bad at all. Import all info from previous year and change a few numbers and download the year's worth of stock trades into a csv file to upload and done in an hour max.
    I used taxact myself. It's the best out there.

Top