Taxes General Forum

Letter for Charitable Contribution

For a charitable cash contribution of over $250, does a receipt which includes the statement that you received no tangib...

1 comments posted 13yrs

posted by larry.israel100

1 comments posted 13yrs posted by larry.israel100

reporting ROC that nets to 0 on Schedule D

Because of bond or preferred calls and redemptions, I get a lot of transactions on my 1099 that net out to 0. I've alwa...

1 comments posted 13yrs

posted by phillysleuth

1 comments posted 13yrs posted by phillysleuth

1099-B non-covered - date/basis

Received our 1099-B packet for our Schwab account. Had a few sells last year, some short term, some long, some long non...

2 comments posted 13yrs

posted by pschuman_no5pam_m3

2 comments posted 13yrs posted by pschuman_no5pam_m3

Interest income form a loan to a relative

I obtained a loan from my line of credit to give it to a relative. he agree to pay me the same amount of interest that...

4 comments posted 13yrs

posted by toubikat2

4 comments posted 13yrs posted by toubikat2

Is this TurboTax/Mint Roth plan to good to be true?

In starting to do my 2012 taxes, TurboTax suggested I look at their deduction finder. They suggestion that I could make...

2 comments posted 13yrs

posted by SalmonEgg

2 comments posted 13yrs posted by SalmonEgg

Is there imputed interest on an open transaction?

I know there is imputed interest on an installment sale. Except for treatment of the basis an open transaction is prett...

0 comments posted 13yrs

posted by *

0 comments posted 13yrs posted by *

Reverse Mortgage Insurance Premium

Client signed a reverse mortgage that paid off the original acquisition loan. They took a lump sum (not annuity). At cl...

2 comments posted 13yrs

posted by mmurrellcpa

2 comments posted 13yrs posted by mmurrellcpa

Meaning of "to date" when changing from Method 1 to Method 2 on Savings Bonds

As previously discussed here, taxpayers who own savings bonds can change their reporting method from Method 1 to Method...

1 comments posted 13yrs

posted by rick

1 comments posted 13yrs posted by rick

Stock Sale and Purchase Date?

A Question? If you purchase some stock years ago and elect to have dividends reinvested in the stock and then later sal...

2 comments posted 13yrs

posted by charliec

2 comments posted 13yrs posted by charliec

Trad IRA to Roth

Why does my taxable amount on a rollover to a ROTH IRA show up on line 16B and not 15B on 1040 form? tks all

4 comments posted 13yrs

posted by bh2os62

4 comments posted 13yrs posted by bh2os62

Tax treatment of NPR-style contributor sweepstakes.

Oftentimes NPR (National Public Radio) stations run sweepstakes in conjunction with their pledge drives, where donating...

3 comments posted 13yrs

posted by taruss

3 comments posted 13yrs posted by taruss

How do you adjust for disallowed passive losses from partnerships on schedule NR

The instructions to Schedule NR indicate to sum up various amounts from Column B per Form k-1-p received from partnersh...

0 comments posted 13yrs

posted by G9 CPA

0 comments posted 13yrs posted by G9 CPA

Ordering IRS Forms by Mail

I went to the IRS Web site and tried to order some forms by US mail. I could order form 1040, but it did not recognize...

2 comments posted 13yrs

posted by larry.israel100

2 comments posted 13yrs posted by larry.israel100

Date acquired for rental property?

I bought a condo in 2005 which has been my priimary residence since. In 2012 I rented out one room of it. So I want to...

7 comments posted 13yrs

posted by faraz

7 comments posted 13yrs posted by faraz

Tax loss on not getting paid...

Say I sold a business for $1,000,000, getting $600,000 immediately and $400,000 in 5 years if contingencies are met. In...

2 comments posted 13yrs

posted by *

2 comments posted 13yrs posted by *