Beginner

Form 1040: Rental Property (Sch E) Analysis

Automates the classification of rental income, repairs vs. improvements, and depreciation.

Analyze the following expenses for a rental property: {expense_list}. Categorize each as either an 'Operating Expense' (Sch E) or a 'Capital Improvement' (Depreciable). Calculate the first-year depreciation for {improvement_description} using the {depreciation_method} over {recovery_period} years.

Related Prompts

Tax
Beginner

Nonprofit (Form 990) Narrative: Program Service Accomplishments

Drafts the 'Part III' section of the 990 to showcase the organization's mission and impact.

GPT-4oGemini 1.5 Pro
0
0
7
Tax
Intermediate

Apportionment workpaper: factor sourcing rules and tie-outs

Builds an apportionment workpaper template and ties factor data back to GL/subledgers. Useful for defensible SALT filings and audit readiness.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
17
Tax
Advanced

R&D Tax Credit Eligibility Memo

Drafts a justification for Research & Development credits using the IRS Four-Part Test.

Claude 3.5 SonnetGPT-4o
0
0
8