Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
1099-INT, line 13
For the first time, I have an amount reported on line 13 of the 1099-INT from my brokerage account. Where do I report this amount? Can I add the amount in line 13 to the amount in line 1 and put that...
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From Andy
Rick If you haven't found one already here is a website which has the RMD chart for your IRA account.... http://www.rothcpa.com/rmd.htm
 
Losses on a bad investment?
Back in 2008 I allowed myself to be persuaded to buy into Provident Royalties, a supposed oil and gas leasing firm that turned out to be a Ponzi scheme. I lost all of the money I invested. I have...
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Self employment health insurance deduction? Should I take it?
I moved from San Francisco to Chicago last year. It took me 2 months to find a job in Chicago, but I did $1,000 worth of free lance work for my San Francisco employer in that time for which I am...
 
Required Installment Loan Reporting
I am always relieved to see you're still here year after year. I am owner-financing an installment loan on a parcel of raw land and servicing the loan myself. I report capital gains and interest...
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Paying tax on trust
I set up and funded a special needs trust for my daughter. All of the earnings in the trust are retained. If I pay the trust's taxes can I take a deduction for my own tax return?
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Am I corrrect that HPE (Hewlett Packard Enterprise) had no taxable dividends in 2015?
I would like confirmation that HPE (Hewlett Packard Enterprise) had no taxable stock dividends in 2015.
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Non-IRA Annuity Distributions - Taxable Income?
In one of our joint non-retirement brokerage accounts my wife and I have an annuity which we purchased with funds that belonged to us and on which taxes had already been paid. That annuity permits us...
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Does the IRS Still NOT allow hearing aids as medical expenses??
The subject line says it all, Does the IRS Still NOT allow hearing aids as a medical expense??
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Should I itemize deductions even if I don't need to?
My itemized deductions are greater than the standard deduction. But my taxes are zero even if I take the standard deduction. Are there reasons why I should itemize, anyway? For example, if the IRS...
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Negative AGI increases some Sched A deductions? (!)
When Form 1040 Line 38 is negative, it appears that some Sched A deductions are __increased__, notably Line 4 and Line 27. And Turbo Tax seems to agree. But is that right? (!) I would expect the...
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How to file amended return when original return has Irs detected error plus my major error
Irs found a $50 error in the credit I took against my estimated taxes for 2015 and billed me for it. I can't explain it since I use Turbo Tax and none of my copies matches the credit they say I was...
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Student Loan Interest
If student loan interest is forgiven legally, is the amount considered taxable? bw
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Am I responsible for State Taxes?
I am originally from California. As a student, I used to file CA FTB taxes. I had little income. In 2014 I was an undergrad student on the East Coast and I got a job after graduation in MA. So ALL my...
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Employer missed 401k contributions - what to do on tax return?
I participate in a 401K program at my place of work. The program offers 100% match up to 3% of salary, and I am a participant at that level. Recently I discovered that while the deductions were made...
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