Taxes General Forum

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Foreign tax carry forward

I spent all of 2010 living in Europe, so for 2010, I filed in both the US and the foreign country, paying the latter a...
4 comments posted 14yrs
posted by js
4 comments posted 14yrs posted by js

Update on IRC 107 Challenge / R.R. 70-549!

It's been quite awhile since I posted here, but recent discussions elsewhere and with others privately have led me back...
0 comments posted 14yrs
posted by rlbaty
0 comments posted 14yrs posted by rlbaty

Refinance Home Mortgage Expense

I am refinancing my Home Mortgage and need to determine what expenses can be deducted on taxes. The expense charges on...
6 comments posted 14yrs
posted by charliec
6 comments posted 14yrs posted by charliec

Schwab 1099-B - date acquired = 12/31/95

For our TurboTax info and our Schwab 1099-B info they are showing some missing cost basis entries. Each "missing" entry...
4 comments posted 14yrs
posted by pschuman_no5pam_m3
4 comments posted 14yrs posted by pschuman_no5pam_m3

1099-R question

Hi Mel, >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Larry had an IRA account at PNC Bank which we closed and rolled over into an IRA...
2 comments posted 14yrs
posted by moo
2 comments posted 14yrs posted by moo

American Opportunity Credit, 5th year student

New client has daughter that graduated from high school in 2007 and started college in August of the same year. Past ta...
1 comments posted 14yrs
posted by mmurrell
1 comments posted 14yrs posted by mmurrell

How To Report Sales Of Land Located Offshore

I am a U.S. citizen living in the United States. Many years ago, I inherited a piece of land which is located in a Euro...
1 comments posted 14yrs
posted by nospam
1 comments posted 14yrs posted by nospam

Final distribution in C-corp dissolution?

I'm a significant shareholder with a few other close-knit active partners in small C corp that's 8 years old that we wi...
0 comments posted 14yrs
posted by aloy.parker
0 comments posted 14yrs posted by aloy.parker

Rent income on 1099-MISC

Some of my real estate rent income are reported on 1099-MISC. Does this mean that I have to report these payment on Sch...
13 comments posted 14yrs
posted by starexllc
13 comments posted 14yrs posted by starexllc

Schedule E Royality question

I own a fractional share of the mineral rights on some property in East Texas. The oil company sent a 1099 Misc showing...
2 comments posted 14yrs
posted by efryman
2 comments posted 14yrs posted by efryman

Bad debt deductible as loss in MA

I deducted a nonbusiness bad debt on my federal taxes this year. When I started working on my MA state return in TurboT...
0 comments posted 14yrs
posted by jik
0 comments posted 14yrs posted by jik