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Submitted 126 days ago...
How do I deduct expenses incurred by purchase of property of my corporation and then turned into personal
My Construction business (corp) purchased a piece of property........spent 15000 to make the place livable again and made it a rental........then I refinanced the whole thing with the mortgage note in my personal name..........then used the money from the refi to purchase new property to build new business in another state due to moving and closed out the corporation when I moved.......how do I claim the expenses incurred by the business? And is the rental considered personal now? Getting ready to file my taxes after doing an extension and don't know where to put the bookkeeping figures with this mess
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