Richcpaman Posted March 10, 2014 Report Posted March 10, 2014 New client comes in. Has a Form 1065 for a Real Estate Investment. Sends me the spreadsheet with expenses and revenue. Revenue is $600 for renting the land for hunting.... There is one old barn on the property, not used for anything. Client drives once a month to their cabin that is another 50 miles up the road from this property. So, he has listed, every month, travel to the Form 1065 Real Estate to "check on it and Work on it." That is 250 mile round trip, plus tolls and meals... $3k in expenses BTW, he's an engineer. Add him to the list. Rich 1 Quote
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