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This is an excellent program; however certain functions are difficult, especially "moving text" and aligning the text to create a uniform picture.
2014-07-01
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2016-12-23
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2020-04-11
Application is predictable and user…
Application is predictable and user friendly, easy to handle. Most forms available within the website or easily finds them. Now when I need a form or fill one of mine documents I know is a done deal. Highly recommend PDFfiller.
2020-04-11
after years of hunting I finally found…
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2019-12-26
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2019-04-22
It worked great with one exception. On my form the lines that I highlighted did not highlight everything in the printed version. Other than that, it worked great.
2023-12-09
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Useful software which so far has solved the issues which I needed. It would be interesting to be able to convert pdfs to pictures alos.
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Can you expense lease commissions?
Generally, commissions and expenses, including attorney's fees, paid by the landlord in obtaining the lease are not deductible when paid, but must be capitalized and amortized over the life of the lease.
Should leasing commissions be capitalized?
For tax purposes lease commissions must be capitalized and amortized over the length of the lease. Exceptions include: Where the term of the lease is less than one year, or. The term of the lease is month-to-month, or.
Are leasing commissions a capital expense?
The short answer is they do not typically include capital expenses, debt service, commercial property marketing costs, leasing commissions, tenant improvement allowances, or capital reserves for future repairs.
Can you capitalize legal fees for a lease?
Initial Direct Costs This amount will be capitalized and amortized over the life of the lease. Initial direct costs do not include legal fees to evaluate the lease which are covered in a different part of GAAP. These will typically also be capitalized and amortized over the life of the lease.
How are lease payments capitalized?
By capitalizing an operating lease, a financial analyst is essentially treating the lease as debt. Both the lease and the asset acquired under the lease will appear on the balance sheet. The firm must adjust depreciation expenses to account for the asset and interest expenses to account for the debt.
Can you capitalize a leased vehicle?
The lessee can capitalize the lease if the asset is so specialized that no consumer other than the lessee can use it, even if none of the aforementioned criteria are met. An example of such an asset is equipment that stamps engine parts that are compatible only with the engines of a particular vehicle.
What are rental property commission expenses?
Are commission paid to a real estate agent for the sale of a rental property considered rental property commission expenses. No, if you paid the real estate agent in connection with the sale, it is a sales expense. It is used in calculating the gain or loss for the disposition of business property (Form 4797).
Can I deduct realtor fees for rental property?
You would not claim a deduction. However, you can reduce the selling price of the rental property by the amount of the sales expenses, including the realtor fees.
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