Working on My Taxes...

[Pieces Hit]

Seems that I spent over 8 thousand out-of-pocket dollars on health-related crap last year and still owe.

Wife is getting better though.

Got a couple questions for a person in the know:

1. Building a house to sell this year.
Can I deduct last year's expenses on it although it had not sold yet?
If not, how does that work to recover last year's expenses on next year's taxes????

2. Had to travel for a job interview.
Airfare, car,etc. cost 900.00.
I don't have any documentation it was job-related but have my receipts.
Is that deductible?

[Mjcpr]

1. No idea
2. I'm pretty sure job-hunting expenses are deductible but somebody more up to date on these things should be along shortly to answer.

[Pieces Hit]

Thanks anyway for the moral support.

[OUinFLA]

Thanks anyway for the moral support.

If that's all you wanted.........
I support your right to have whatever morals you want.

[Pieces Hit]

Everybody's a comedian.

[OUinFLA]

and no one's an accountant.

[Herr Scholz]

My advice would be to be very 'aggressive' on your deductions. It's a very small chance you'll get audited. The IRS is severely understaffed.

[Flagstaffsooner]

1. Building a house to sell this year.
Can I deduct last year's expenses on it although it had not sold yet?
If not, how does that work to recover last year's expenses on next year's taxes????
Depends if they are actual expenses of creation of an asset.

[critical_phil]

Seems that I spent over 8 thousand out-of-pocket dollars on health-related crap last year and still owe.



Bruce?