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Video instructions and help with filling out and completing Will Form 4797 Careers

Instructions and Help about Will Form 4797 Careers

My students I thought you might want to see my puppies before we get started on a cute frosty and that one is Gigi the black why didn't phase the sunshine and the other one is peaches peaches okay well today we're gonna have a video lesson and what I want us to look at is the Schedule E okay this is posted on Wolf's tin so if you will go to your Wolf's den page and pull up Schedule E and print you out two copies work one with me and then also I have a problem sheet Schedule E problems this is what we're going to work through today this is on rental income and you put rental income and loss on Schedule E so that's what we're going to look at we'll do one in class and they're playing so anyway we'll just muddle through this today okay I don't have a babysitter so I have to work with them okay let's take a look at what the problem says says the bungees on a ski condo in Utah it was rented for 40 days and used by the bungees for 10 so the information that follows relates to it there was six thousand dollars in rental income mortgage interest to forty eight hundred homeowners dues two thousand utilities one thousand and maintenance of 2800 now it says that this does not reflect an allocation between rental and personal if you remember from the problems in the PowerPoint when they rent it for a certain number of days then we have to do it allocation if it's used personally and for rental it's more or less dual income so we have to do an allocation here and if that rental period is less than ten days it's...

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