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What happens if I drop business usage below 50% for year 2? I dont think this would happen until year3 because I have a personal car and I wfh and barely drive anywhere.
Can a rental property be considered a "hobby"? I can understand fake businesses people pretend to try and make just for...
I have 1 rental property. It’s doesn’t really bring me in any extra money. Can I buy a model X for the business and claim the 100% deduction for 2020? For 2020 I would strictly use it to drive and view potential investment homes. And then starting 2021 I would use a mix of personal and...
