Bailey & Thompson Tax & Accounting PA
Little Rock, AR
Custom Tax Service
Giovetti & Giovetti, CPAs
Nelson Tax Accounting, Ltd
A client sponsored a chinese student for 6 months thru CPH Educational Consulting Co LLC and received a 1099-Misc. I know the income must be reported on line 21 of Form 1040. How about expenses? What can be deducted and is there a list that one...
Depends on where in the country you live. Out here, swimming pools don't necessarily increase the value. Since I have been living in my present house two people on our block that have bought homes have actually taken the pools out.
You are correct. See Reg. 1.213-1(e)(1)(iii).