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Form 1116 Questions

Assumptions for 2010 Return using Turbotax: Filing MFJ Foreign (Canada) Taxes Available for credit -- Line 13 Form 1116...
2 comments posted 14yrs
posted by njoracle
2 comments posted 14yrs posted by njoracle

Nonresident state tax?

Hi, I lived in CA for all of 2011. I have a house in PA from which rental income was derived. I will be filing federal...
1 comments posted 14yrs
posted by pallavgupta
1 comments posted 14yrs posted by pallavgupta

Why is Federal tax witholding slightly less in 2012?

I ran our first biweekly payroll of 2012 yesterday and when I gave a paycheck to my assistant she noted that it was for...
4 comments posted 14yrs
posted by jwisniaDumpThisPart
4 comments posted 14yrs posted by jwisniaDumpThisPart

Quick Quesrtion

A client, C corp with about 60 shareholders, has closed the business and disbursed the cash assets (physical assets lon...
1 comments posted 14yrs
posted by paulthomascpapc
1 comments posted 14yrs posted by paulthomascpapc

Trustee too eager to sell?

A client trustee is the grandson of a client who passed away 12/31/11. He is not a beneficiary. There are 3 benficiarie...
4 comments posted 14yrs
posted by kingfish02375
4 comments posted 14yrs posted by kingfish02375

How To Report Stock Exchange In Merger?

Over the years, my wife accumulated 418.619 shares of Nicor, Inc. In December 2011, Nicor was merged into AGL Resources...
10 comments posted 14yrs
posted by wbrenner
10 comments posted 14yrs posted by wbrenner

Which year ?

Had a dispersal from my 401K dated in Dec, but due to being lost in the USPS it got re-issued in Jan. Which Tax year do...
10 comments posted 14yrs
posted by chip.a.wood
10 comments posted 14yrs posted by chip.a.wood

Withholding on Canadian dividends?

I own stock in three Canadian banks, BMO, CM, and RY. (If you looked at their dividend yield, you'd own them, too.) The...
4 comments posted 14yrs
posted by johnl
4 comments posted 14yrs posted by johnl

SEP IRA Deduction disallowed

Hi., The IRS has disallowed a SEP IRA Contribution. Can I file a 1040X and withdraw the contributed amount without a pen...
14 comments posted 14yrs
posted by awpsat
14 comments posted 14yrs posted by awpsat

Ibonds Minimum Withdrawal Requirement

Is there a Minimum Withdrawal requirement for Ibonds at age 70.5 ? (These are not a part of an Ira) Thanks rc
0 comments posted 14yrs
posted by rc
0 comments posted 14yrs posted by rc

Deductions

I am a dentist, classified as an employee of a company. I am paid a base salary, as well as commissions. - If I buy som...
6 comments posted 14yrs
posted by odiegoogle
6 comments posted 14yrs posted by odiegoogle

Like kind exchange

I hold precious metal bullion in a brokerage account. If I sell the bullion and buy the ETF that holds the correspondin...
7 comments posted 14yrs
posted by mirss7c1001
7 comments posted 14yrs posted by mirss7c1001

confused about sched D

I am confused about doing my Sched D (I use TT). I make about 150-200 stock/options trades each year. I log them on a s...
8 comments posted 14yrs
posted by moo
8 comments posted 14yrs posted by moo

rental deductibility question

I have a rental property. My state offers a tax credit of up to a certain amount for repairs that lead to a lead compli...
1 comments posted 14yrs
posted by way222
1 comments posted 14yrs posted by way222