Latest threads in Taxes General Forumshow only best voted threads

Subject Author Posted Replies
 
SECURE ACT strange provision
I noticed this: >>>>>>>>>>>>>>>>>>>>>>>>>>> ...starting in 2024, RMDs will no longer be required from Roth accounts affiliated with employer retirement plans, e.g. Roth 401ks....
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2022 California state tax numbers
Offered to save time for other California taxpayers -- Calif. tax rate schedules, standard deduction, exemption credit, etc: <>These are not easy to find on the Internet, because asking for 2022 info...
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IRS Delays Implementatiion of Form 1099-K for E-Commerce Platforms by One Year - WSJ (2023 Update)
The Internal Revenue Service on Friday gave millions of Americans a one-year reprieve on new tax-reporting requirements, delaying implementation of a law that requires e-commerce platforms such as...
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Tax-Harvesting an Equities Loss Within an IRA
Early in the year, I bought $15,000 of shares in a mutual fund within a IRA account. At year end, they're worth only $11,000. I know I can't tax harvest the $4,000 loss by just selling the stock and...
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withholding issue for 2023 (2023 Update)
I am a retired teacher. Income comes from investments (divds/interest), SS, pension, and IRAs (RMDs). For my pension, I always claim 9 dependents on my W-4P thus yielding $0 withholding, plus I...
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New York State Unemployment Insurance Payments via Form NYS-45 (2023 Update)
I own a single employee C Corp registered in New York. I pay my NYS UE premiums on NYS-45, filed quarterly. The NYS UE Wage base for 2022 is $12,000. In a normal year I pay myself more than the UE...
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Is everything ok ?? (2023 Update)
I have not seen any new posts in this newsgroup for a couple of weeks. Just checking to see if everything is ok. I am using the news server at - I looked on their website just now and don't see any...
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Health insurance questions
Hi, I retired in February 2022. My spouse is self employed (schedule C) as a real estate agent. We used COBRA to continue my health insurance, paying 100% of the premiums. 1. Can my spouse take the...
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Meeting Safe Harbor Rule for 1031 Exchange if rent for tax year was very short (2023 Update)
In 2022, I purchased a vacation house using a 1031 exchange. I intend to meet the IRS safe harbor, meaning that the IRS will not challenge the qualification of the house for 1031 treatment. This...
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de minimis safe harbor for rental property expenses (2023 Update)
We purchased a vacation house in 2022, and started renting it - partly, in order to meet the IRS safe harbor for investment characterization of the replacement property in a 1031 like-kind exchange....
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closing costs of 1031 exchange and Form 8824 (2023 Update)
I did a forward 1031 exchange (of real estate), all during 2022 and meeting the various deadlines. I am trying to fill out Form 8824 (using Turbotax). There was no mortgage to be paid off on the...
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[SOLVED] Spread out income vs lump payment (2023 Update)
I have some land that has trees on it. Someone is going to "lease" the land for the carbon credits. They want to pay for 10 years usage in the first year. Is there a way to treat that one payment as...
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eBay Form 1099-K
eBay will be issuing Forms 1099-K to anyone who had Gross Sales of more than $600 in 2022. I understand Gross Sales to include eBay fees and shipping costs, both of which would normally be subtracted...
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Limits on charitable deductions (2023 Update)
If you've read Publication 526, you are aware that charitable organizations qualified to receive contributions that an individual taxpayer may deduct are in two categories. The first category is 50%...
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Form 8606 when joint taxpayers are deceased
I am going to be filing a tax return on behalf of my deceased parents. Both of them died in the same calendar year, and each had been taking RMDs from their individual IRAs for a number of years. The...
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