Form 1065

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Subject Author Date Form 1065 keefnj 02-13-2007  Re: Form 1065 Benjamin Yazersky CPA 02-17-2007
Posted by keefnj on February 13, 2007, 1:30 am Please log in for more thread options 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. >> << ======================================================= >> Posted by Benjamin Yazersky CPA on February 17, 2007, 5:17 am Please log in for more thread options > 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 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 <----- << ======================================================= >> << 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. >> << ======================================================= >> Similar Threads Posted How to sign Form 1065 April 5, 2007, 1:49 am Re: Form 1065 foreign partnership January 25, 2009, 10:54 am Ridiculous wait time for form 1065 (K1) February 23, 2010, 1:04 pm Entry of Capital Gain and Depreciation Recapture on Form 1065 January 2, 2007, 4:07 am Schedule M-3 for 1065 March 30, 2007, 4:35 am Amended 1065 return April 5, 2007, 1:49 am Cost Basis of PTP's on K-1/1065 April 19, 2008, 4:26 pm Individual 401(k) in LLC - how to book and report on 1065? March 26, 2009, 10:20 am where did the distributions from line 19 of 1065 Schedule K1 go? April 7, 2009, 4:49 pm Home office Deduction in 1120, 1120S and 1065 February 3, 2010, 6:44 pm