Taxes General Forum

I want to sell stock at a profit and immediately buy it again

I have 400 shares (after splits) that have basis of $2300. It's now worth $56000. Let's assume the Bush tax cuts go awa...

17 comments posted 14yrs

posted by nadcixelsyd

17 comments posted 14yrs posted by nadcixelsyd

Tax Treatment of Internet Gifts

I am posting to a new thread becasue for some weird reason, my two attempts to reply to the original thread have been l...

2 comments posted 14yrs

posted by tempuser

2 comments posted 14yrs posted by tempuser

Tax treatment of IRA-Roth conversion

If you have an IRA that has been in mutual funds for several years and you convert the IRA to a Roth, is all the income...

2 comments posted 14yrs

posted by johnthomas

2 comments posted 14yrs posted by johnthomas

Simple Estate Tax Question

Suppose a man with an estate of ten million dollars leaves one hundred thousand dollars to his son and the remainder to...

3 comments posted 14yrs

posted by aprilmullery

3 comments posted 14yrs posted by aprilmullery

Tax Treatment of Internet Gifts

I recently read of people in the news who received gifts posted to an internet website that was set up for them... I'm...

37 comments posted 14yrs

posted by jungleandy1

37 comments posted 14yrs posted by jungleandy1

WSJ Article On IRS Cracking Down On Retirement Account Errors

Saturday's Wall St. Journal has an interestin article on how we can expect a a large effort by the IRS to go after unco...

5 comments posted 14yrs

posted by tempuser

5 comments posted 14yrs posted by tempuser

Nebraska Supreme Ct Overturns Appellate Order Forcing A Divorcing Spouse To File Jointly

Robert Steinberg, a tax attorney and CPA writes a blog called The tax Wars. Back in Oct. 2011, he posted an article on...

0 comments posted 14yrs

posted by tempuser

0 comments posted 14yrs posted by tempuser

Allocation of loan proceeds

Assume I take a home equity loan and then turn around and use the full amount as a down payment on a rental property. C...

1 comments posted 14yrs

posted by dontspamme

1 comments posted 14yrs posted by dontspamme

Recharacterization - How to handle?

In April 2012, made a contribution 2K to Trad IRA and 3K to Roth for tax year 2011, and also got an extension to file....

6 comments posted 14yrs

posted by nashak

6 comments posted 14yrs posted by nashak

Tax Treatment of Loss on Condo Sale

What is the tax treatment on a loss from the sale of a rental condo? We purchased a condo in January 2006 for my son to...

11 comments posted 14yrs

posted by jbmcknight

11 comments posted 14yrs posted by jbmcknight

Self Withholding

I was greatly underwithheld on my 2011 taxes due to unexpected quarterly dividend payments (corporate bonds) for which...

5 comments posted 14yrs

posted by nospam

5 comments posted 14yrs posted by nospam

Form 1040 question

On form 1040, if my total itemized deductions on line 40 are greater than my AGI on line 38, does line 41 become negati...

6 comments posted 14yrs

posted by rick

6 comments posted 14yrs posted by rick

Class Action Settlement Reporting?

I've invested in a lot of securities over the years, and for the past ten years or so I've received about six new class...

6 comments posted 14yrs

posted by jwisniaDumpThisPart

6 comments posted 14yrs posted by jwisniaDumpThisPart

HSA and replacement dental crowns

I have read the stuff on whether or not you can use HSA to pay for replacement dental crowns. My interpretation is that...

4 comments posted 14yrs

posted by kurtullman

4 comments posted 14yrs posted by kurtullman

property sold for back taxes

I have a question about buying property for back taxes.... A friend of my wife has fallen into a financial abyss. They...

7 comments posted 14yrs

posted by pschuman_no5pam_m3

7 comments posted 14yrs posted by pschuman_no5pam_m3