Latest threads in Taxes General Forumshow only best voted threads
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Would this gift be taxable?
My son's HS rowing team gave him a $500 gift for being the outstanding team member. (yes, we are very proud). Is the gift taxable? They are a nonprofit.
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11 years ago
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Husband-Wife Business
In 2012, husband and wife created an LLC in Oklahoma. Husband and wife file a joint return. Wife has substantial, 6-figure W-2 income; husband is self employed consultant with little additional...
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11 years ago
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Deemed Premium and Basis Adjustments?
One of my brokerage account 1099s has listed under "Supplemental Information, Fees and Payments Received" amounts for "Deemed Premium" and "Basis Adjustments" I'm guessing that the Basis Adjustments...
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11 years ago
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California home title type
Hi Wife and I buying a home in CA. first time buying. conventional mortgage. I heard there are different ways to take title. Any suggestions to help with the future. -Antony
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11 years ago
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Who can be a dependent?
A friend has a convoluted personal life. One wife in a distant city for many years. She developed severe emotional problems but they have not divorced. He pays her expenses in conjunction with a bank,...
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11 years ago
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Adjusting property taxes on new to me house?
I bought a house in August. In the closing I gave him some money towards the town tax he paid for the year (Sept-Dec), and he gave me some money for the school tax for the time he lived there...
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11 years ago
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Moved my Roth IRA; what goes on my tax return?
I moved my Roth IRA from one broker to another in 2012. The one that was closed sent me nothing; I would have expected a 1099R. Should I have gotten something from them? The one that I opened sent me...
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11 years ago
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tuition in itemized deductions?
I earned $90K in 2012, and took a graduate online class from an East coast university. My tuition and fees are $22K, of which $7K was reimbursed by my employer. Can I deduct the rest ($15K) in my...
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11 years ago
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K-1 Query
In December, 2011 I invsted $6000 in EUO (Pro Shares Ultra Short Euro Fund). I just received a K-1 Form, showing a $177 gain in box 11, coded C. I sold the shares in January, 2012. This was done in my...
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11 years ago
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keough and pension plan distributions
an individual has a profit sharing plan and a money purchase plan with the same employment. can the RMD be done with one check from one of the accountings by combining the year end balance of both...
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11 years ago
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Will IRS send your refund if you filed Bankruptcy and they were included?
I owed the IRS and was making payments, however, my husband and I could no longer pay bills and our house note too, therefore, when we went to do a chapter 13 we were told we should do a chptr 7. IRS...
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11 years ago
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What to do with K-1 with all zeros?
I received K-1's from two different MLP's after I filed my return. One MLP has the numbers filled in and I am preparing an amended return to take care of that. The second K-1 is filled with zeros....
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11 years ago
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Bank failed to withhold 20% on indirect IRA rollover
Hi, My wife wanted to rollover her IRA CD to Vanguard. She told the bank that she wanted to roll over the entire CD and close the account. They sent her a check and she transferred it to a Vanguard...
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11 years ago
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Do I Need to File an Amended Return?
I e-filed about a week ago and today I received a corrected 1099 from my brokerage account. The correction is in my favor, I'll get about $25 back. Can I just avoid the hassle and let the government...
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11 years ago
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reporting sale of publicly traded limited partnership (MLP/PTP)
First off let me be clear I have also posted this question in the TurboTax community (I got flamed for not stated such before) In 2010 I purchased a gas master limited partnership, Inergy, in my...
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11 years ago
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