dragna

You might be right, it’s impossible to know for sure not being in his personal circle, but if that’s the case he should have stepped down. And if he’d built a circle of staff around him that was in alignment with his previous vision, then they might have asked him to step down. Either way it’s sad and frustrating.

You’re not wrong, even including what was available it still wasn’t anywhere near enough to make itemized deduction a reasonable option. I mentioned the plumbing mostly because I thought it was funny that it was actually included in the list of valid deductible expenses for maintaining a home office.

Sorry I meant in the sense that the income is treated the same plus the benefits of additional deductions. You don’t typically get additional deductions or reimbursements for a normal commute job (for instance gas, maintenance, licensing, etc) that you might see for say…well my wife is a good example as a veterinarian. She’s fully reimbursed for CE, licensing, and other items required for her job.

I don’t know where you live but in the US the IRS considers rental income as regular income for tax purposes. So when you fill out your taxes it just goes in your bog standard income section.

Additionally all expenses incurred for certain repairs and maintenance are tax deductible. My house gets similar tax breaks as I work from home, so things like plumbing repair (I guess considered an essential service) and regular maintenance can be deducted (although I’ve never gone over the standard deduction so I never really realize those benefits).

In every imaginable way rental income is better financially than “standard” income…though not morally.

I have to since I’m in PA. I mostly care because I want to see more of this….but not just a threads post, but like actual political action. Still better than Oz, but man does it sting being fooled so thoroughly.