As I posted before, this year I took a class in order to become a part-time tax preparer. Well one of the things that I learned was that I should have been taking depreciation expense on my rental property. I normally do my taxes myself online so I don't know if the tax software didn't prompt me or maybe it did and I didn't understand what it was asking. So while working, I amended my 2010 tax return to claim the expense and today in the mail I got my big fat check in the amount of $718!!! I waited to mail in my amendments for 2011-2012 until last week because I wanted to make sure 2010 process first so that will be more IRS snowflakes in the future
The class has really paid for itself many times over seeing I only had to pay $37 for the books and the knowledge I've gained is priceless! I'm taking $103 of the funds and finish off my 52 Week Savings Challenge(another post coming)and put the rest on the mortgage!!!!
Large IRS Snowflake!!
May 12th, 2014 at 08:47 pm
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