Taxes General Forum

Deduction of annuity early withdrawl penalty.

Is the penalty imposed on an early withdrawal of an annuity tax deductible? tks all

1 comments posted 13yrs

posted by bh2os62

1 comments posted 13yrs posted by bh2os62

Home office now turned rental - Handling depreciation

I had a home office for several years and claimed the deduction on my schedule C. The software I used automatically cal...

4 comments posted 13yrs

posted by faraz

4 comments posted 13yrs posted by faraz

Tax implications of loan to daughter

Our adult daughter has about 18 months left on a car loan whose interest rate is higher than what my wife and I can cur...

5 comments posted 13yrs

posted by rick

5 comments posted 13yrs posted by rick

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 l...

5 comments posted 13yrs

posted by avrum223

5 comments posted 13yrs posted by avrum223

2013 IRS Nationwide Tax Forum locations announced.

6 regional sessions, but no Las Vegas session this year. :-( https://www.irstaxforum.com/index

3 comments posted 13yrs

posted by spam+newsgroups

3 comments posted 13yrs posted by spam+newsgroups

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 ba...

10 comments posted 13yrs

posted by chrisdongjun101213

10 comments posted 13yrs posted by chrisdongjun101213

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 certai...

7 comments posted 13yrs

posted by woessner

7 comments posted 13yrs posted by woessner

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...

2 comments posted 13yrs

posted by asercu

2 comments posted 13yrs posted by asercu

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 th...

1 comments posted 13yrs

posted by phillysleuth

1 comments posted 13yrs posted by phillysleuth

school principal to superintendent education expense?

School principal taking courses in a doctorate program in hope of becoming school superintendent. This Dr.degree is not...

3 comments posted 13yrs

posted by smfwdf

3 comments posted 13yrs posted by smfwdf

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 2...

1 comments posted 13yrs

posted by sac

1 comments posted 13yrs posted by sac

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...

3 comments posted 13yrs

posted by bh2os62

3 comments posted 13yrs posted by bh2os62

HSA Eligibility

Are Health Savings Accents open only to Employees? I just retired and will receive SS and Medicare. My wife has 3 years...

6 comments posted 13yrs

posted by mauro_gaetano

6 comments posted 13yrs posted by mauro_gaetano

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...

3 comments posted 13yrs

posted by Retired

3 comments posted 13yrs posted by Retired

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...

4 comments posted 13yrs

posted by gbeccles

4 comments posted 13yrs posted by gbeccles