Itemized Deductions for Homeowners The IRS defines a home as any house, condominium, cooperative, mobile home, boat, or similar property that has sleeping space, toilet facilities, and cooking facilities. Homeowners may q...

Inherited Traditional IRAs Inherited IRA choices As a designated beneficiary, you have choices when inheriting a traditional IRA. Surviving spouse You can treat the IRA as your own IRA by designating yourself as the accou...

Inventory Accounting for inventory is necessary to reflect gross profit when the production, purchase, or sale of merchandise is an income-producing factor. However, if an inventory is necessary to account for your income...