Taxes General Forum

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Trust K-1 - gain, loss ?

For a Trust that has real estate and some was sold for a loss, is that loss reportable on the K-1 or is the K-1 only re...
4 comments posted 14yrs
posted by pschuman_no5pam_m3
4 comments posted 14yrs posted by pschuman_no5pam_m3

Mineral Rights Lease

My wife received a payment for a lease to some mineral rights that she owned on a farm owned by her father and long sinc...
5 comments posted 14yrs
posted by suenjim4.badaddress
5 comments posted 14yrs posted by suenjim4.badaddress

friendly loan - how to report

Question on a friendly loan of about $50k - made to someone over last couple of years, at a straight rate of 5% - month...
7 comments posted 14yrs
posted by pschuman_no5pam_m3
7 comments posted 14yrs posted by pschuman_no5pam_m3

Expense or asset or ??

It seems that every year a "clever" taxpayer gets the idea to wrap some advertising around his car and deduct all of th...
15 comments posted 14yrs
posted by ira.smilovitz
15 comments posted 14yrs posted by ira.smilovitz

Need To File Trust Return?

I am the administrative trustee of a an irrevocable trust, the sole income of which is rent on land owned by the trust...
2 comments posted 14yrs
posted by wbrenner
2 comments posted 14yrs posted by wbrenner

Sched E - new roof on warehouse

We own a commercial space that is used as a simple rental warehouse. Normally, a simple Schedule E handles the income/e...
10 comments posted 14yrs
posted by pschuman_no5pam_m3
10 comments posted 14yrs posted by pschuman_no5pam_m3

401K withdrawal and negotiating with IRS

Hi There, Before anyway answers my questions, please try to refrain from passing judgment on how I have handled this. I...
4 comments posted 14yrs
posted by rdrb2012
4 comments posted 14yrs posted by rdrb2012

Tax Season Is Here (Cartoon)

This cartoon might be appropriate for many denizens of MTM.. http://www.arcamax.com/thefunnies/hagarthehorrible/
3 comments posted 14yrs
posted by wbrenner
3 comments posted 14yrs posted by wbrenner

IRA distribution to foreign national

Reading the US/France tax treaty, the protocols, and the explanations of the protocols, has left me without a clear und...
4 comments posted 14yrs
posted by teworthy
4 comments posted 14yrs posted by teworthy

California - Put House in Trust?

My dad just set up a living will, and named his investment account and home in the trust. He will contact his investmen...
9 comments posted 14yrs
posted by nospam
9 comments posted 14yrs posted by nospam

Schedule C education for startup

Situation: TP in her 60's has started an internet marketing sole proprietorship. She went back to school, spent $20k re...
5 comments posted 14yrs
posted by kingfish02375
5 comments posted 14yrs posted by kingfish02375

Wash sale

If I sell a stock at a loss; and buy the same stock within 30 days before or after the sale, the loss is deferred. What...
3 comments posted 14yrs
posted by mirss7c1001
3 comments posted 14yrs posted by mirss7c1001

How is bullion ETFs and its options taxes?

LTCGs on bullions is taxed at a max rate of 28%. How about the gold and silver bullion ETFs -- max of 25% or 28%? And LT...
2 comments posted 14yrs
posted by mirss7c1001
2 comments posted 14yrs posted by mirss7c1001