Latest threads in Taxes General Forumshow only best voted threads
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Oregon Pension overpayment
Client received a pension from Oregon PERS for a number of years and then rolled it over to an IRA. Client receives a letter from Oregon PERS indicating that he was overpaid by $600 over the years...
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11 years ago
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2013 IRS Nationwide Tax Forum locations announced.
6 regional sessions, but no Las Vegas session this year. :-( 2020 IRS Nationwide Tax Forum
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11 years ago
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Income from subleasing of several apartments - Schedule C & SE or Schedule E?
Hello, I have a client that has leased numerous apartments for a year or longer, furnishes them, then subleases them back out at relatively short-term (i.e. three month) intervals, making money from...
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11 years ago
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Non-Qualified Distribution from Backdoor Roth
Suppose I make a $5k non-deductible IRA contribution and later take a non-qualified $5k distribution. I'm pretty certain the distribution is not subject to taxes, nor do I believe it's subject to the...
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11 years ago
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Transfer of loss - form 4797
Having settled with an offer in compromise last year, I am preparing to file my 2012 but my CPA wants to transfer a $42,000 loss from my 2011 return and apply it to 2012. This was from a short sale...
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11 years ago
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Schedule D- individual sells or totals accepted
When I download my data into Turbo Tax, every tiny little sell from a managed account I have (in addition to ones in the main brokerage account) comes in and is properly categorized. This doesn't...
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11 years ago
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school principal to superintendent education expense?
School principal taking courses in a doctorate program in hope of becoming school superintendent. This is not required for the position. The program definately improves skills for present position. In...
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11 years ago
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E-file rejection
I filed my 2011 return by mail, but I inadvertently put down my wife's last name incorrectly. When I try to e-file my 2012 return, the IRS rejects it due to an AGI mismatch. I tried the web site to...
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11 years ago
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special 2 yr roth conversion
In 2010 I converted from a deductible IRA to a ROTH IRA, I opted for 2 year treatment of reporting in 2011 and 2012. My question is do I use original 1099R and use 50% of it or what? 8606 appears...
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11 years ago
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HSA Eligibility
Are Health Savings Accents open only to Employees? I just retired and will receive SS and Medicare. My wife has 3 years to go before Medicare and needs private medical insurance. We do not have any...
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11 years ago
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Question re 1040 Sched B
In the instructions for Sched B, it states: "Purpose of Form Use Schedule B if any of the following applies. ? You had over $1,500 of taxable interest or ordinary dividends." I take the "or" to mean...
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11 years ago
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1099-OID for dummies
I received a 1099-OID for some preferred shares (LUTHP) that I bought on the secondary market last year. The box 1 OID is about 10% less than the actual payments I received for the year. Box 2 is...
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11 years ago
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Letter for Charitable Contribution
For a charitable cash contribution of over $250, does a receipt which includes the statement that you received no tangible benefit satisfy the requirement for a written acknowledgment?
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11 years ago
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reporting ROC that nets to 0 on Schedule D
Because of bond or preferred calls and redemptions, I get a lot of transactions on my 1099 that net out to 0. I've always reported them on Sched D in the past, but it would make my life a lot less...
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11 years ago
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1099-B non-covered - date/basis
Received our 1099-B packet for our Schwab account. Had a few sells last year, some short term, some long, some long non-covered. SO - how should I fill out the 8949 with respect to date & cost basis....
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11 years ago
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