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Annuity from IRA

Next month I plan to purchase a single payment immediate annuity from an insurance company with funds from my Vanguard...
4 comments posted 2yrs
posted by the_stan_brown
4 comments posted 2yrs posted by the_stan_brown

Wash sale -- how does IRS find out?

So I accidentally created a wash sale last month in my Vanguard non- tax-advantaged account: I sold the total stock fun...
0 comments posted 2yrs
posted by the_stan_brown
0 comments posted 2yrs posted by the_stan_brown

1099 vs K-1

My monthly Fidelity statements of transactions show that foreign taxes were paid on one of my investments (Brookfield R...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting

GnuCash, IRA, withholding

I use QuickBooks Desktop 2016 with industry edition nonprofit. I never bought subsequent editions 'cuz, you know, nothi...
2 comments posted 2yrs
posted by ahk
2 comments posted 2yrs posted by ahk

IRA with UBTI

I have a self directed Roth IRA. It has two investments. The K-1s from those investments show UBTI. #1) positive +x #2)...
2 comments posted 2yrs
posted by tydeman.consulting
2 comments posted 2yrs posted by tydeman.consulting

Estimated federal income tax calculator

Does anyone know of a free or low-cost calculator of estimated Federal income tax? It should cover at least Schedules B...
9 comments posted 2yrs
posted by the_stan_brown
9 comments posted 2yrs posted by the_stan_brown

Tax Breaksd Expiring after 2025

Can someone remind me what tax breaks expire after 2025, assuming Congress doesn't intervene? I think the standard dedu...
4 comments posted 2yrs
posted by rick
4 comments posted 2yrs posted by rick

Joint return for divorced couple

A couple I know were recently divorced, but since they were still married on 12/31/2023, their settlement agreement req...
6 comments posted 2yrs
posted by fred1
6 comments posted 2yrs posted by fred1

Wash sales again

Hypothetically, a taxpayer sells 100 shares of an ETF, harvesting a long-term capital loss. Three weeks later, they rec...
1 comments posted 2yrs
posted by the_stan_brown
1 comments posted 2yrs posted by the_stan_brown

Roth IRA Withdrawal

Taxpayer (29 years old) made a contribution to a Roth IRA in 2023. In 2024 he wants to withdraw his 2023 contribution (...
2 comments posted 2yrs
posted by spamtrap
2 comments posted 2yrs posted by spamtrap

W-8BEN

I'm confused. I looked at the instructions for the W-8BEN and it's not clear (to me, anyway) whether it has to be used...
1 comments posted 2yrs
posted by spamtrap
1 comments posted 2yrs posted by spamtrap

Debt for Deceased Taxpayer

OP's parent died owing money to the IRS. OP inherited some money from the estate. I don't know if the tax debt is for o...
0 comments posted 2yrs
posted by spamtrap
0 comments posted 2yrs posted by spamtrap

Improper HSA Withdrawal

OP withdrew money from his HSA to reimburse himself for proper medical expenses. He didn't realize he would be reimburs...
2 comments posted 2yrs
posted by spamtrap
2 comments posted 2yrs posted by spamtrap

Optional general sales tax on Schedule A

(1) The instructions, page A-4, say "Your 2023 income [for purposes of the optional sales tax tables] is the amount sho...
8 comments posted 2yrs
posted by the_stan_brown
8 comments posted 2yrs posted by the_stan_brown