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Joanne, It's the son's home as he needed parents credit to get a mortgage 415 S San Remo Ave Clearwater, FL 33756 Office 727-441-1040 Fax 727-443-5340 ...

I inherited a condominium in Oct 2018 which I intended to renovate then rent and hold for the long term or sell if the conditions for holding the property over the long term proved to be unattractive.  ...

Agreed about excess losses carried forward. It would seem unlikely that one house could be a trade or business but that’s not to say it couldn’t be done. Steven G. Lewis, CPA, MBA, CAMS (516) 662-58 ...