₪₪₪ What notification do I need to give the IRS to claim business deductions?
I purchased a rental property recently and have been doing extensive work to keep rent and maintain it. I have numerous credit card statements and milage records for work done. Do I need to somehow formally declare that I am running a business for the IRS? I will go over the standard deduction this year and wasn’t sure if I needed to start a business or something. I am new to tax law and business, so the more detail the better. Thanks!!
Category: IRS Problems
