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TurboTax: bad news/good news

I was wondering why my state (SC) e-file hadn't been accepted after about a week. Then I got a notice (e-mail and from...
1 comments posted 14yrs
posted by briang
1 comments posted 14yrs posted by briang

Sched E - interest income

We have a checking acct for managing rental property. Where on the Sched E (or elsewhere) do we put "interest income" ea...
2 comments posted 14yrs
posted by pschuman_no5pam_m3
2 comments posted 14yrs posted by pschuman_no5pam_m3

Help With Form 1116 (Foreign Tax Credit)

I have two offshore bank accounts that earn passive category income. One bank account is a regular interest-earning che...
3 comments posted 14yrs
posted by nospam
3 comments posted 14yrs posted by nospam

help for 1040X

Already filed 2011 in January 2012 and received refund in Feb 2012 Now, due to a bank change in reporting 1099INT, I ow...
4 comments posted 14yrs
posted by nina.s
4 comments posted 14yrs posted by nina.s

tax rate for long-term capital gain

Can you please help to explain what is the tax rate for long-term capital gain? Are the tax rate in "Table Capital Gain...
6 comments posted 14yrs
posted by kevinwat
6 comments posted 14yrs posted by kevinwat

converting personal loss to business loss

The IRS does not let you take a loss on your personal residence. Say you bought at $1.5M and you think it is worth $1.1...
9 comments posted 14yrs
posted by removeps-groups
9 comments posted 14yrs posted by removeps-groups

contribution over-the-limit to NYS 529 account

Tax season, again. I just found that I contributed more than the $10,000 limit to the NYS 529 account. Turbo tax spotted...
1 comments posted 14yrs
posted by yzghan
1 comments posted 14yrs posted by yzghan

2011 NY IT-204-LL Late Filing Question

I forgot to file my IT-204-LL this year by the deadline (I did pay it the first three years on time). It $25 for a sing...
0 comments posted 14yrs
posted by never
0 comments posted 14yrs posted by never

Bonus Depreciation question

I bought a small commercial building for $199,000 in 2003. I built a new building shell completed in December of 2006 a...
0 comments posted 14yrs
posted by rick.chehab
0 comments posted 14yrs posted by rick.chehab

Real Estate Line of Credit

Just wondering if someone has a way around this for me - I don't think there is one. I bought a condo in 2007. I paid m...
2 comments posted 14yrs
posted by dontspamme
2 comments posted 14yrs posted by dontspamme

Contradictory IRS Instructions

I funded a 529 plan for my grandchild with a one-time gift of $65,000 in 2011. Where on Form 709 do I report it? Page 5...
0 comments posted 14yrs
posted by aloracjones
0 comments posted 14yrs posted by aloracjones

How Is A Lawsuit Settlement Taxed?

Hi, My father-in-law was killed in an auto accident in 2010. He was not properly restrained in his wheelchair and was t...
21 comments posted 14yrs
posted by snowybrown
21 comments posted 14yrs posted by snowybrown