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Recent content by JessN

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

  1. J

    Income from equity line of credit taxable?

    What is the name of your state? Oregon Hi everyone! So here's what happened. My husband and I owned a home that had a fair amount of equity. Something came up and my husband couldn't work and we had to take out an equity line of credit for about $40,000 and lived off that for about a year...
  2. J

    Business vehicle

    What is the name of your state? Oregon We bought a business vehicle (car) this year and paid it in full. Can we write off the entire cost all at once or do we have to depreciate it? Also, I know we can write off either gas usage or mileage right?
  3. J

    Taxes on money borrowed?

    Oregon. If I borrowed $500 cash as a loan, do I have to pay taxes on that money?
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