Latest threads in Taxes General Forumshow only best voted threads
| Subject | Author | Posted | Replies | |
|---|---|---|---|---|
|
|
Can my wife buy my asset so I get a capital loss?
Years ago I lent someone money, secured by jewelry. He defaulted and I got the jewelry. At the time I was covered, but the market has declined so I am out about 50%. I have given the jewelry to a...
5
|
12 years ago
|
5 | |
|
|
Schedule A Line 23 Deductions
I have questions on what is/is not allowed on Line 23 of Schedule A. The form itself indicates examples are investment expenses or expenses on a safe deposit box. The instruction indicates: Enter the...
7
|
12 years ago
|
7 | |
|
|
how does one handle tax on easement
Out of curiosity I was reading about the Keystone pipeline, as in one person is receiving 60k for the right of the company tobuild a pipeline. Out earlier thread êsement#c5967e9330bc8dddseems...
4
|
12 years ago
|
4 | |
|
|
Gift Tax Limit
I was talking to someone who said his accountant told him that he could take advantage of the $5 million lifetime unified credit and not die by the end of 2012. This would be done by making a gift in...
4
|
12 years ago
|
4 | |
|
|
Speaker accepts "contributions" to church
A fellow came into my office with the following issue. He states is a speaker who speaks on a social issue. He makes the speaking engagement, and the recipient organization is "encouraged" to make a...
10
|
12 years ago
|
10 | |
|
|
Interest Income on Checking account opened for rental activity
I have opened an interest bearing checking account for a rental property. Should the interest on this checking accoun be reflected in the schedule B or as other income on Schedule E?
5
|
12 years ago
|
5 | |
|
|
1099-R with a "G" in box 7
I'm doing my daughter's taxes. What does a "G" in box 7 of a 1099-R mean. After college, my daughter worked for three years. During those three years, she put $9200 into a retirement account (what...
4
|
12 years ago
|
4 | |
|
|
1120S Schedule M-2
What item amounts go into line Number 7 on the Form 1120S Schedule M-2 called "Distributions other than dividend distributions", for a small Sub-S corporation with a sole owner. Thanks, Jeff
4
|
12 years ago
|
4 | |
|
|
Insolvency Worksheet Question
I'm trying to fill out an insolvency worksheet and I don't know what to do about the house information. We have a mortgage on a home and owe around $105,000. So that would go in the liability section....
1
|
12 years ago
|
1 | |
|
|
1099 But No Income
Consider the following (entirely realistic) scenario: 1) You create an account with Amazon Payments, enabling you to send money. 2) You send your wife/girlfriend/friend/dog $1000, paid from your...
27
|
12 years ago
|
27 | |
|
|
Property Disposition
We purchased a home in 1973 for $36,500 and converted it to a rental property in 1979. By 2004 the mortgage had been paid off and the property was completely depreciated. In 2005, the ownership of the...
4
|
12 years ago
|
4 | |
|
|
how to handle income from separate accounts
If you are married and filing a joint return, how do you handle income from separate accounts (including trust accounts)? The issue is that the account is separate, yet taxes on the dividends, capital...
5
|
12 years ago
|
5 | |
|
|
Form 1116 Questions
Assumptions for 2010 Return using Turbotax: Filing MFJ Foreign (Canada) Taxes Available for credit -- Line 13 Form 1116 = 860 Income before Exemptions -- Line 41 1040 and Line 17 Form 1116 = 54,000...
2
|
12 years ago
|
2 | |
|
|
Nonresident state tax?
Hi, I lived in CA for all of 2011. I have a house in PA from which rental income was derived. I will be filing federal and and CA (full-year resident) taxes. For state tax, do I just report the rental...
1
|
12 years ago
|
1 | |
|
|
Sec 462(g) Election Filed With 1041/Filed Separately
I am deducting administrative expenses on Form 1041 for an estate. Apparently, the election under Sec 462 (g) is necessary to do this, even when no form 706 is required/filed. My program has two input...
—
|
12 years ago
|
— |