We get a lot of questions throughout the year on common personal tax return questions, like what is and isn’t deductible or home gain exclusions.  If that sounds like you, we have the podcast for you.

If you have questions about the Form 1040 aka the US Individual Income #tax return, then we have answers. We touch on the 2 year rule for house flippers, mortgage interest rules, and energy efficient improvements. In addition, we talk about rental property investments, passive activity losses, and even home office and commuting rules.  We even touch on retirement plan options for W2 and self-employed earners, and a new rule for Alabama retirees related to passive income.

Thank you to our hosts JamisonMoneyFarmer PC CPAs Lauren Roberts and Rachel Taylor.

If you would like any further explanation, please reach out to your JMF tax accountant.