Taxes General Forum

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Catching up beneficiary IRA RMDs

Taxpayer has a beneficiary IRA inherited when father died in 2017. Never told his preparer about this until now and nev...
3 comments posted 3yrs
posted by dsbarr
3 comments posted 3yrs posted by dsbarr

Does the stock wash sale rule apply here?

I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower pric...
9 comments posted 3yrs
posted by debbie.lafourche
9 comments posted 3yrs posted by debbie.lafourche

Medical derduction

I've been doing my taxes using FreeTaxUSA through the IRS website, and I saw that the portion of medical expenses above...
4 comments posted 3yrs
posted by the_stan_brown
4 comments posted 3yrs posted by the_stan_brown

Beneficiaries / 1041

Question about Form 1041. Turbotax insists on printing K-1s for beneficiaries of a trust or estate, even when there has...
0 comments posted 3yrs
posted by spamtrap
0 comments posted 3yrs posted by spamtrap

Why is painting between tenants deductible

I'm making my annual attempt to understand the rules around which "repairs" to residential rental properties can be ful...
6 comments posted 3yrs
posted by arequipeno
6 comments posted 3yrs posted by arequipeno

Am I missing form 20221099-G from Calif?

Am I missing form 2022 1099-G from Calif? If so, do I really need it? Or can I e-file federal and Calif tax returns wit...
2 comments posted 3yrs
posted by joeu2004.5
2 comments posted 3yrs posted by joeu2004.5

Storm Extensions

I received an inquiry from someone asking about extensions for storm relief the IRS has granted, as they apply to a 103...
3 comments posted 3yrs
posted by spamtrap
3 comments posted 3yrs posted by spamtrap

IRA cost basis computation

I appreciate any advice the group could give me as I try to complete my deceased parent's final joint tax return. Each...
1 comments posted 3yrs
posted by rdonohue
1 comments posted 3yrs posted by rdonohue

1040-X problem

I am a volunteer for the AARP Tax Aide program. In 2022 (for 2021 taxes), a client filed a 1040-X because he received a...
2 comments posted 3yrs
posted by bgindelberger
2 comments posted 3yrs posted by bgindelberger

Dividing Schedule C Income

I have a small Schedule C business. I'm going to divide the work and the income with a partner, whom I might be married...
5 comments posted 3yrs
posted by dontspamme
5 comments posted 3yrs posted by dontspamme

Child Tax Credit

One of the requirements for the Child Tax Credit is that the child lived with the parent for more than half the year. D...
12 comments posted 3yrs
posted by spamtrap
12 comments posted 3yrs posted by spamtrap