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
Advanced

Transfer pricing local file outline with functional analysis

Drafts a local file outline including functional analysis, intercompany transactions, and economic analysis placeholders. Useful for TP teams assembling documentation efficiently.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
26
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
43
Tax
Intermediate

Tax research memo template (issue, facts, analysis, conclusion)

Produces a structured tax research memo with clear issue framing, facts, analysis, and conclusion placeholders. Useful for staff and seniors standardizing technical writing quality.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
32