|
Posted by Seth Breidbart on November 14, 2006, 8:28 pm
Please log in for more thread options
> 2) I intend to use create web site to market my property. In
> this case, I will imagine there will be more intense start
> up work to develop and market the website. Can I claim
> expense from the work (by hours) I put in?
Only to the extent you pay yourself for it, and you have to
report that income. So no, you can't.
> ? I thought if I do not claim this, I would still have to
> contract someone to work on this, might as well let me the
> business owner get the money.
Whoever gets the money pays income tax on it.
Seth
<< ======================================================= >>
<< 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. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap