Latest threads in Taxes General Forumshow only best voted threads
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reporting safe harbor method for calculating wagering gains from slot machine play
safe harbor method for calculating wagering gains from electronically tracked slot machine play - To adopt this method, a taxpayer must note "Revenue Procedure 2015-X" on line 21 of Form 1040. Then,...
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8 years ago
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New York new CEU requirement
New York new CEU requirement Is anyone surprised at NY requirement to do their 16 hrs of CE and rejecting the certification offered by other providers like Cornell ? Noël Nichols, RTRP Chenango...
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8 years ago
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Question about Form 1099-R (Backdoor Roth Conversion)
Hi, Our combined income exceeds the IRA limits for us to make a deductible IRA contribution. My wife did not have an IRA before prior to 2015. In 2015, we opened a traditional IRA, and made...
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8 years ago
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How to file a Capital Gains loss
I have always done my own taxes, very simple W2, some bank interest, 2 kids, some deductions, on a 1040, head of household. In 2005 while living in Boston MA, I made an investment of $X into a company...
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8 years ago
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Is My Son a Qualified Dependent?
My son was 24 at 12/31/2015. He was unemployed 11 of 12 months, he lived at home, and my wife and I supported him all year, and we file married, jointly. I use H&R tax software, and use the interview...
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8 years ago
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Co-Owner Deduction?
Two people (not married) own a house, no mortgage. The person paying the property taxes doesn't have enough income for the income tax deduction to be meaningful. Can the other co-owner take the...
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8 years ago
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HSA distributions
Are tax free distributions from an HSA used for qualified medical expenses able to be used on Sched. A for medical deductions. tks all bw
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8 years ago
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Mistake on 2014 tax return?
I just realized I might have made a mistake on our 2014 tax return. My wife is self-employed with all her income reported as 1099-MISC income. In the tax program I use (TaxACT) there are three entries...
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8 years ago
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Trustee income or self employment income?
Trustee income or Self Employment Inc: I have small tax/bookkeeping business. I was providing financial assistance to a client who filed 1099-Misc - non-ee in prior years. She passed away in 2015 and...
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8 years ago
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Premium Refund + Interest Payment
State Farm sent me a check in 2015 for $38.13 (i.e. $23.42 homeowner premium refund + $14.71 interest payment). This is as a result of a homeowner rate settlement agreement between State Farms Lloyds...
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8 years ago
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Problem with 1st IRA RMD withdrawal
Need advice on a possible issue with my age 70.5 FIRST RMD for Tax Year 2015. In late Dec 2014 I received a lump sum payout from a former employer?s Pension plan. This payout was reported on my TY...
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8 years ago
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Changing New York LLC from partnership to proprietorship
Through 2015 I was a member of a two-member LLC, which we treated as a 50/50 partnership. The other guy wants to do other stuff, so in 2016 I want to make it a single member LLC that I own. So we've...
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8 years ago
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How getting married will affect our tax filing?
I got married last year but am not sure how this will impact our taxes. My wife's taxes are simple, just income from job . I have job, side business and multiple rental properties. Assuming we file...
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8 years ago
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wash sale question and also a RMD query
Ok, quick query: Suppose on Dec. 20th, I buy XYZ stock. I sell it all on 12/21 for a $1000 LOSS. Ok, on 1/5 of the following year, I buy XYZ stock again, same number of shares. Now, at this point, the...
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8 years ago
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VW is giving me a $1000 kickback. Would it be taxable?
As a "Goodwill gesture", VW is giving me a $1000 gift card for selling me a diesel with tampered emissions back in 2014. According to their FAQ, they will not issue a 1099, but says that I should...
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8 years ago
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