Latest Taxes General Forum
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Wash sales and dividend reinvestment
A recent thread asked about triggering the wash-sale rule by selling
a mutual fund or ETF that was enrolled in dividend reinvestment.
I'm in that situation too. The money impact isn't that great...
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1 week ago | 2 | |
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Re: Amended return questions
I disagree.
If you realize later that you made a mistake, it doesn't matter that you
originally believed it to be correct.
E.g. you find a 1099 that you missed when originally filing.
...
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1 week ago | 5 | |
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Roth conversion and distribution
Executive summary: Are distributions from Roth _conversions_ (from
traditional IRA) free of tax and penalty if the retiree is at least
59½ and first contributed to the Roth at least 5 tax years a...
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1 week ago | 1 | |
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Re: How to manage retirement accounts during retirement
I was in that situation a few years ago. I asked friends and co-
workers for a financial planner if they were happy with theirs, and
one gave me an excellent recommendation. (Strebel Planning G...
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1 week ago | 1 | |
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Re: I sell products on the internet and I MUST now pay Sales Tax; Do You?
The basic rule is that you don't have to pay sales tax for things
delivered to a state where you have no physical presence - no
employees or assets, either temporarily or permanently during...
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1 week ago | 2 | |
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Installment Sale - Real Estate Inventory
Hi All -
I got a question more appropriate for some of you than for me, and I
haven't been able to figure it out.
An individual sells real estate as inventory (i.e. not capital gain
property...
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1 week ago | 1 | |
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California FTB has gone (further) nuts?
Some forms are now only available if you give them your e-mail address
so they can e-mail them to you?
2019, 540, Personal Income Tax Booklet
This is only available by request. Please prov...
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2 weeks ago | 4 | |
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Fidelity showing bogus(?) wash sale
I had several employee stock plan (ESPP) and restricted stock unit (RSU)
events in the first half of 2019.
29 March 2019 - ESPP - Bought 127 sh @ $113.076/sh (FMV = $182.70/sh)
...
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2 weeks ago | 5 | |
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Re: LLC question
The AMBR (authorized member) should be an actual person.
Not on the Articles of Organization.
That depends. The IRS does not recognize LLCs for tax purposes. As
a result you have ...
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2 weeks ago | — | |
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Re: Two IRA questions
You can make a QCD from an Inherited IRA but to make a QCD you need to
be at least 70.5 years old and meet all the other QCD requirements.
The method for calculating RMDs for Inherited IRAs i...
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2 weeks ago | 3 | |
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Estate Form 1041 "Income Required To Be Distributed Currently"?
-- I am the executor of an estate. I am using Turbotax Business 2019 to complete Form 1041 for the estate (discussed in this forum previously).
-- The will lists exactly two beneficiaries: The exec...
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3 weeks ago | 6 | |
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HSA
Re: HSA
My husband will be signing up for Medicare in April 2020.
He has been a tag along on my HSA for a few years ie contributing $1000 every year.
My question is:
Can he contribute the usu...
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4 weeks ago | 2 | |
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Calculating imputed interest on installment sale??????????
12 years ago I sold my 30% interest in a building to the 70% owner. Unfortunately there were environmental problems that needed remediation. I agreed establishing an escrow account to pay for the re...
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1 month ago | 8 | |
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What form, sale of depreciated business assets- sole proprietor- closed business
Our business was destroyed by Hurricane Michael in Oct 2018.
No business conducted in 2019.
We sold about $2,500 of assets from the business in 2019.
The business was a sole proprietorship.
I h...
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1 month ago | 6 | |
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Annual Exemption
Re: Annual Exemption
We want to use the annual gift exemption and give our kids a few dollars.
Our children are over 21 years of age.
Is there a way we can open an account with their name on th...
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1 month ago | 11 |