Taxes General Forum

Shares Distribution - Cost Basis

In 1994, I have bought 5000 shares of Vista Gold (VGZ) with a cost basis of $14,457.50. On May 10, 2007, Allied Nevada...

2 comments posted 16yrs

posted by bani

2 comments posted 16yrs posted by bani

Setting up a Simple IRA

I would appreciate your interpretation of the following instructions concerning a Simple IRA. The situation is as follo...

2 comments posted 16yrs

posted by geoanthony

2 comments posted 16yrs posted by geoanthony

Covered by employer sponsored plan for PART of a year...

My wife and I file jointly and expect to have a 2010 MAGI of roughly $210k. We participate in our employers 401k and wi...

6 comments posted 16yrs

posted by kastnna

6 comments posted 16yrs posted by kastnna

Making Work Pay MAGI

Does the Making Work Pay MAGI include muni bond interest? Is it the same MAGI as any other MAGI or is it something new?...

1 comments posted 16yrs

posted by ddl

1 comments posted 16yrs posted by ddl

American Opportunity Credit

I understand the American Opportunity Credit is available until the student has completed 4 years of college (essential...

4 comments posted 16yrs

posted by countessa

4 comments posted 16yrs posted by countessa

condo associations in CA

Do condo associations in California have to file a California form 100 or similar form? At the federal level they may f...

1 comments posted 16yrs

posted by removeps-groups

1 comments posted 16yrs posted by removeps-groups

Trusts - file K-1 or Sched E

My wife's parents died a few years ago, and they have several owned & rental props. Things have gradually migrated from...

2 comments posted 16yrs

posted by pschuman_no_spam_me

2 comments posted 16yrs posted by pschuman_no_spam_me

Nightmare Renovation Project

Taxpayer started a major home renovation project about two years ago: moving walls, replacing windows, new kitchen and...

0 comments posted 16yrs

posted by michael.bratt

0 comments posted 16yrs posted by michael.bratt

Foreign Tax Credit carry forward

I didn't owe any tax last year, but had $228 in foreign tax credit I couldn't use. My understanding is that I can carry...

3 comments posted 16yrs

posted by Wade

3 comments posted 16yrs posted by Wade

How far back can a small business carryback 2009 NOL?

The 3,4, or 5-year carryback is for 2008 NOL. Is 2009 NOL back to 2- year carryback? TIA

2 comments posted 16yrs

posted by mirss7c1001

2 comments posted 16yrs posted by mirss7c1001

capital improvement

Hi everyone, How do I treat the following: I purchased a triplex. I have a contrator fix up each unit for $10,000. This...

18 comments posted 16yrs

posted by Marion1E

18 comments posted 16yrs posted by Marion1E

Is there any tax software that does NOT require Internet connection

I have been using TurboTax happily for 10 years. I buy the CD and install it on a PC that is NOT connected to the Inter...

6 comments posted 16yrs

posted by d1709842

6 comments posted 16yrs posted by d1709842

Form 2210AI and capital-loss carryover

I need to file Schedule AI of Form 2210, because I made a big Roth conversion in the 4th qtr of 2009 and did pay estima...

3 comments posted 16yrs

posted by jge

3 comments posted 16yrs posted by jge

Non-dividend distribution for shares no longer owned

TP sold a stock position late in December 2008 and reported the long- term capital loss on 2008 Schedule D. 2009 1099-D...

1 comments posted 16yrs

posted by zvkmpw

1 comments posted 16yrs posted by zvkmpw

OID Shortfall

On my 2009 ENHANCED 1099 under Federal Non-Reportable Information under Supplementary Information There is an amount sh...

3 comments posted 16yrs

posted by intermeister_delet_

3 comments posted 16yrs posted by intermeister_delet_