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Let's say you own a building that has no income...

Posted on: December 30, 2022 at 15:48:38 CT
Lerxst MU
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because maybe it's empty or being transitioned to where there is no income for a period of time. That building can still be depreciated which is a non cash expense which would show a tax loss.

I know this is all beyond a typical Dems comprehension, but I doubt Trump did his own taxes on Turbo Tax.
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So what laws did Trump break according - Sal CMSU - 12/30 14:24:16
     This is typical Dem party MSM mob rule tax law.... - JayRoy KC - 12/31 07:07:14
     Trump organization just got convicted for criminal tax fraud - JG MU - 12/30 17:19:19
          I'd be SHOCKED to hear what crimes the Clinton Foundation - OntheMark MU - 12/30 21:22:36
               Huber checked into that - JayHoaxH8r MU - 12/31 09:29:02
               No crimes there son - had there been, GOP would've inquired(nm) - raskolnikov MU - 12/31 08:12:14
          I'm sure it was all weiselberg - JayHoaxH8r MU - 12/30 17:47:01
               What crime does the tax returns show? (nm) - Sal CMSU - 12/30 17:48:06
          zero doubt? have you reviewed the records? - Th8tnTiger MU - 12/30 17:24:44
               have you EVER heard of Anything - JG MU - 12/30 19:05:44
          Has the committee even said there is evidence - Sal CMSU - 12/30 17:21:37
               Nope. They said that they would have taken a deeper look - tman MU - 12/30 17:54:12
                    The TB CPA’s figured it out though - Sal CMSU - 12/30 17:55:24
     none. releasing them was nothing more than punishment - Th8tnTiger MU - 12/30 17:05:52
          GOP should release joeys - JayHoaxH8r MU - 12/30 17:08:28
               Yeah I don't care about his either - Th8tnTiger MU - 12/30 17:12:35
                    well because joey released his - JayHoaxH8r MU - 12/30 17:14:44
                         And he failed to disclose income(nm) - tman MU - 12/30 17:55:35
                         lol this has to be an act (nm) - Sal CMSU - 12/30 17:17:58
                         damn man(nm) - Th8tnTiger MU - 12/30 17:17:31
                              RE: damn man(nm) - JayHoaxH8r MU - 12/30 17:29:20
                                   so the difference is biden voluntarily released his - Th8tnTiger MU - 12/30 17:30:40
                                        Kinda - JayHoaxH8r MU - 12/30 17:31:59
                                             Kinda how? Now is your chance to shine(nm) - Th8tnTiger MU - 12/30 17:35:56
                                                  GOP mad because their only way to retaliate - JayHoaxH8r MU - 12/30 17:37:24
                                                       It’s nobody’s business (nm) - Sal CMSU - 12/30 17:40:23
                                                            RE: It’s nobody’s business (nm) - JayHoaxH8r MU - 12/30 17:42:54
                                                                 I hope they release personal information of every - Sal CMSU - 12/30 17:44:20
                                                                      reeeeeeeeeeeeeeeeeeeee - JayHoaxH8r MU - 12/30 17:45:01
                                                                           A $100k payment to the CCP from the POTUS’s son - Sal CMSU - 12/30 17:47:20
                                                                                Honestly you're the board's largest dumbas - JayHoaxH8r MU - 12/30 17:49:57
                                                                                     You make Rask look intelligent(nm) - tman MU - 12/30 17:58:25
                                                                                     Lol you can’t even point to any wrongdoings in the tax - Sal CMSU - 12/30 17:52:08
                                   RE: damn man(nm) - Sal CMSU - 12/30 17:30:37
               It’s not just about politicians - Sal CMSU - 12/30 17:10:00
                    My bet? Musk next nm - pinkman MU - 12/30 17:28:42
                         Not with the GOP house (nm) - Sal CMSU - 12/30 17:29:29
          Correct and it’s time for the GOP to grow some balls - Sal CMSU - 12/30 17:08:16
     Exposing them now lets prosecutors get a high level look - Fred G. Sanford USA - 12/30 15:51:27
     I won’t pretend to know the ins and outs of tax law - Lovely Rita STL - 12/30 15:37:07
          lol(nm) - Th8tnTiger MU - 12/30 17:06:07
          I doubt he does his own income taxes... probably has tax - JeffB MU - 12/30 16:55:50
               if you sign it don't you own it? - JayHoaxH8r MU - 12/30 16:59:01
                    That would be a yes(nm) - miz_zou MU - 12/30 17:01:13
                         These guys don't want to hold their godking - JayHoaxH8r MU - 12/30 17:04:44
                              Accountable for what Mr. CPA? (nm) - Sal CMSU - 12/30 17:08:56
          an example? - Spanky KU - 12/30 15:56:05
               Startup costs are reported the year a buiness opens without - miz_zou MU - 12/30 16:55:30
                    When does a real estate development company open? - Spanky KU - 12/30 17:16:41
                         The topic is Schedule C. Schedule C is for two types of - miz_zou MU - 12/30 17:54:19
                              Project companies are typically LLC’s - Spanky KU - 12/30 20:35:01
                                   Developers purposely plan profits to be taxed as capital - miz_zou MU - 12/30 20:57:16
                                        What does the LLC use to document the losses or income? - Spanky KU - 12/30 21:22:33
                                             Capital gain/loss goes on Form 8949 and Schedule D. That’s - miz_zou MU - 12/30 22:36:34
                                                  There is no Capital gain/loss until property is sold - Spanky KU - 12/31 17:06:55
               JFC I don’t know if there is a problem or not. - Lovely Rita STL - 12/30 16:44:00
                    The returns didn’t need to be released - Sal CMSU - 12/30 17:06:31
          Let's say you own a building that has no income... - Lerxst MU - 12/30 15:48:38
               Let’s all make up a scenario that we like. I DON’T know - Lovely Rita STL - 12/30 16:46:18
               He rightly said he doesn't know tax law - 4TigersinMichigan MU - 12/30 15:49:38
                    Welcome to DC(nm) - meatiger MU - 12/30 15:56:53
     I’ve still not seen why, as an investigation of the IRS - Bulldog Bob Brown STL - 12/30 15:30:03
          You aren’t the only one wondering that (nm) - Sal CMSU - 12/30 15:50:58
     The left will be outraged he didn't pay very much in taxes - 4TigersinMichigan MU - 12/30 15:28:22
     It’s all good - just wanted to make sure he got the biz - Lovely Rita STL - 12/30 15:05:16
          So the report draws a conclusion that - tman MU - 12/30 15:08:46
               When they really tried they got Capone.(nm) - Toger STL - 12/30 15:14:55
                    Yes. Facts were a bit different then what - tman MU - 12/30 15:16:20
     GOP Warns Of Retaliation; On Final Day Of Power, House Dems - JeffB MU - 12/30 14:48:55
          Ahh yes, The Golden Rule.(nm) - Toger STL - 12/30 14:54:16
               Dems always best Reps in pi**ing contests - pinkman MU - 12/30 21:58:02
     Weren't they supposed to prove Putin owns Trump? - MIZ45 MU - 12/30 14:37:20
     Accountability(nm) - Toger STL - 12/30 14:31:52
          which law specifically, is "accountability"?(nm) - Fire Marshall Bill MU - 12/30 14:54:26
               https://www.irs.com/en(nm) - Toger STL - 12/30 14:58:00
                    IRS has had plenty of time to audit and re-audit and - TrumpToRushmore MU - 12/30 15:16:39
                         Yep - 4TigersinMichigan MU - 12/30 15:50:29




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