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
Intermediate

Depreciation book vs tax (MACRS/IFRS) schedule tie-out

Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
84
Tax
Intermediate

SaaS: ASC 340-40 Commissions Capitalization

Amortizes sales commissions over the expected customer life.

GPT-4oClaude 3.5 Sonnet
0
0
63
Tax
Intermediate

Qualified Business Income (QBI) Deduction Tool

Determines the Section 199A deduction for pass-through entities and SSTBs.

GPT-4oClaude 3.5 Sonnet
0
0
49