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net operation loss -1st step

The first step to calculate net operation loss is to subtract standard deduction or itemized deduction from AGI. Let's...
4 comments posted 3yrs
posted by lmiller
4 comments posted 3yrs posted by lmiller

Form 1099-NEC

I was planning to attend a concert but got sick, so sold the tickets using an online ticket resale service. That compan...
1 comments posted 4yrs
posted by charles.budman
1 comments posted 4yrs posted by charles.budman

Delaware Statutory Trust (DST)

Client exchanged rental property for another rental property and a property held in a Delaware Statutory Trust (DST) in...
2 comments posted 4yrs
posted by cantor2
2 comments posted 4yrs posted by cantor2

Form 8938 and real estate

I have read in many places words similar to: "foreign real estate held by an individual is not reportable on Form 8938"...
1 comments posted 4yrs
posted by tydeman.consulting
1 comments posted 4yrs posted by tydeman.consulting

IRS Form 8938, line 6

On IRS form 8938, is the total on line 6 done day by day? Suppose I have USD 200,000 in one bank for January and Februa...
5 comments posted 4yrs
posted by tydeman.consulting
5 comments posted 4yrs posted by tydeman.consulting

Joint CDs and gift tax

I have quite a few CDs with my daughter as co-owner. I did that because I thought that she should have easy access to m...
3 comments posted 4yrs
posted by jblatz2
3 comments posted 4yrs posted by jblatz2

Proving You Don't Owe Taxes

I have moved overseas, and am trying to transfer money from a U.S. bank account to an Israeli one. Because of the money...
11 comments posted 4yrs
posted by larry.israel100
11 comments posted 4yrs posted by larry.israel100

Capital loss carryover

On the capital loss carryover worksheet for the 2021 tax year, line 4 says "Enter the smaller of line 2 or line 3b" (Th...
2 comments posted 4yrs
posted by the_stan_brown
2 comments posted 4yrs posted by the_stan_brown

moving loss into next year--will this work

Suppose I have a stcg loss in XYZ, realized in late Dec., 2022. I don't want that loss in 2022. I prefer it in 2023. Ca...
1 comments posted 4yrs
posted by moo
1 comments posted 4yrs posted by moo

Trust Charitable Donations

In general, a trust is allowed to make charitable donations so long as the trustee has been granted the power in the tr...
1 comments posted 4yrs
posted by cantor2
1 comments posted 4yrs posted by cantor2

8283 question

Here's something that doesn't seem to be covered by the literature, although one would think it's a fairly common situa...
5 comments posted 4yrs
posted by dsbarr
5 comments posted 4yrs posted by dsbarr

Marriage Annulled

Does anyone know the tax consequences when a marriage is annulled rather than terminated by divorce? I'm looking at a s...
11 comments posted 4yrs
posted by spamtrap
11 comments posted 4yrs posted by spamtrap