Latest threads in Taxes General Forumshow only best voted threads
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Qualified REIT and PTP income Form 8995
I just noticed that my tax software is claiming this, and has at least the last 3 years. I wasn't aware I owned anything with REIT income and nothing jumps out on my tax statements. The tax software...
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1 year ago
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IRS Procedural Question
This is a follow-up to the previous discussion about the 1040-NEC form. Consider the scenario where a taxpayer receives a 1099-NEC, decides it is for hobby income and reports the income as Other...
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1 year ago
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Non-Qualified Plans
I receive a small supplemental pension each month from a former employer. The amount is reported in Boxes 1 and 11 (Nonqualified Plans) of Form W-2. The amount in Box 11 is the same as in Box 1. There...
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1 year ago
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corrected 1099 query
Say I file taxes. I then get a corrected 1099 DVD or INT. Suppose it changes my liability by under $35 either way. Can I just ignore it, or will that delay things more than doing a 1040X which is a...
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1 year ago
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Accumulated Depreciation
I recently got a question that I can't answer, and probably you can't either. I'm curious, though, if you have any thoughts. The OP was doing his taxes with H&R Block software, and it came up with...
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1 year ago
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Handling 1099-NEC /Insurance
Background - I am working on my daughter's tax return. She is on her own, another state, in fact, but at 24, still on a family insurance plan with me. She has multiple jobs, 6, and as I look at the...
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1 year ago
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Reporting 1099-R
I don't do returns, and I haven't been able to find out the answer to this question. OP transferred money from one company's 401(k) to another company's 401(k), and he received a 1099-R. The...
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1 year ago
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H&R Block Premium Home & Business glitch in Maine state return
FYI, So far, I've prepared 3 state 1040 returns for Maine and each time when I get to the error checking, it reports that it needs the degree pursued, when the person graduated and what state for the...
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1 year ago
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Lack of IRS guidance on state tax payments
During 2022, various states used pandemic monies from the federal government to issue tax payments. They called them, variously, rebates and refunds. Alaska, California, Colorado, Delaware, Florida,...
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1 year ago
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Rules change for inherited IRA?
Like a lot of people, I have beneficiaries designated for my traditional IRA. A friend who has done the same says her financial adviser told her that the rules have changed, and now (a) anyone who...
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1 year ago
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Query about series I Bond Registration
For 3 years, my wife and I have purchased the max each year ($10K) of Series I US Savings Bonds. They are titled in each of our name. We are thinking of adding each of us as beneficiaries to our...
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1 year ago
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Wash Sales
Does anyone know if vesting of Restricted Stock Units is considered a re-purchase of stock for wash sale purposes? An employee wants to sell some stock that has vested, and it would be sold at a loss....
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1 year ago
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Taxability of CGDs from State Tax Free Bond Fund
I received short and long-term CGDs in December 2022 from my Maryland Tax-Free Bond Fund (MDXBX) investment. This rarely occurs - I read the last year of CGDs was 2018. My broker 1099-DIV statement...
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1 year ago
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Return Rejected
I tried to file my HR Block created return and is was rejected. The reject code was FD-32-FW2-001-02. After 1/2 hour of searching for the code the IRS told me this meant my W2 wages didn't match the...
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1 year ago
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Form 990-N -- when available?
I'm on the board of a small nonprofit, and our treasurer is trying to file a 990-N (the postcard-sized return, only filable on the IRS website, electronically). But on the page <> there's a banner:...
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1 year ago
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