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Hello, Client is purchasing a rental property but earns too much to be able to recognize losses that are expected to be reported. It is my understanding that buying the rental property through an LLC does not convert the non-deductible Schedule E losses ...
Thanks for the reply. The church in question already has had a certificate of exemption for quite some time, and , as I have subsequently found out, they have given the certificate to the contractor. Best regards, Michael Strelka, CPA
Thanks David Relayed to Organization Ron
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