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Reporting Sec. 179 deduction from a K-1

As an individual, I received a form K-1 showing moderate passive income and a small Sec. 179 deduction. I have no other...
2 comments posted 15yrs
posted by aloracjones
2 comments posted 15yrs posted by aloracjones

1099 R for deceased taxpayer's IRA

The deceased taxpayer was a 80 year old widow taking minimum required distributions from her $200K IRA. Upon her death,...
9 comments posted 15yrs
posted by mmurrell
9 comments posted 15yrs posted by mmurrell

Reclaimable foreign taxes withheld

Section 1.901-2(e)(2)(i) states: ?An amount is not tax paid to a foreign country to the extent that it is reasonably ce...
9 comments posted 15yrs
posted by garyg7
9 comments posted 15yrs posted by garyg7

401k - excess contribution

If a client had 2 jobs and contributed more than the max of $16,500 to their 2010 401k, what is the proper procedure to...
5 comments posted 15yrs
posted by kupchik
5 comments posted 15yrs posted by kupchik

CCH Tax News Headlines - March 21, 2011

CCH Tax News Headlines - March 21, 2011 Federal Headlines: 3/21/2011 - _President Signs Three-Week Continuing Funding M...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

changes to Schedule B?

I noticed that the instructions for Sch B have changed since the last time I looked. It used to be that you were to lis...
1 comments posted 15yrs
posted by garyg7
1 comments posted 15yrs posted by garyg7

elect to not use negative loss for state tax return

A California taxpayer owns property in Colorado. They file a Schedule E, which has a federal loss. As their AGI is unde...
3 comments posted 15yrs
posted by removeps-groups
3 comments posted 15yrs posted by removeps-groups

Confused about this K-1 within my IRA

I am confused. I have a Rollover IRA with Ameritrade. I have traded stocks and options within this self-directed accoun...
3 comments posted 15yrs
posted by mzb
3 comments posted 15yrs posted by mzb

Capital Gains for Simple Trusts

A "Simple Trust" distributes all income to the beneficiary of the trust each year. I read however that capital gains ar...
2 comments posted 15yrs
posted by persistentone
2 comments posted 15yrs posted by persistentone

CCH Tax News Headlines - March 17th & 18th 2011

CCH Tax News Headlines - March 17th & 18th 2011 Federal Headlines: 3/17/2011 - _Ways and Means Panel Approves Multi-Yea...
0 comments posted 15yrs
posted by TaxService
0 comments posted 15yrs posted by TaxService

UNG k-1 retirement account reporting

Hi,all, I just read last year's post that said the ung does not generate ubt for a retirement account. How was that det...
4 comments posted 15yrs
posted by mgroark1_at_earthlink_dot_net
4 comments posted 15yrs posted by mgroark1_at_earthlink_dot_net

Foreign Tax Credit Carry Forward Confusion...

In each of 2008, 2009, and 20010 I paid foreign taxes of about $2,000 on dividends. I could not been take the credit be...
6 comments posted 15yrs
posted by wade
6 comments posted 15yrs posted by wade