Taxes General Forum

Roth conversion

I moved mutual funds from my regular IRA to a Roth IRA in early 2009. In November, I realized my income was too high to...

1 comments posted 16yrs

posted by busswcorp

1 comments posted 16yrs posted by busswcorp

Re: Mortgage Interest Limitation

Greetings All, I posted a while ago about deducting mortgage interest on loans that exceed $1M. I've read many posts th...

0 comments posted 16yrs

posted by gene

0 comments posted 16yrs posted by gene

CCH Tax News Headlines - March 1, 2010

CCH Tax News Headlines - March 1, 2010 Federal Headlines: 3/1/2010 - _House to Consider Jobs Bill, Speaker Pelosi Says_...

0 comments posted 16yrs

posted by TaxService

0 comments posted 16yrs posted by TaxService

Depreciation Recapture

I'd appreciate some quick information on the mechanics of how depreciation recapture will be used in a §121 exclusion s...

4 comments posted 16yrs

posted by spamtrap

4 comments posted 16yrs posted by spamtrap

Basic Questions on Capital Gains

This is the first time that I have to fill 1040-Schedule D. So please tolerate some ignorance on the questions. I sold...

2 comments posted 16yrs

posted by rdyang

2 comments posted 16yrs posted by rdyang

Tax question- losses

Tax question- losses ****************************** We have had a California LLC that made a profit for quite a few yea...

2 comments posted 16yrs

posted by irfansmith

2 comments posted 16yrs posted by irfansmith

farm rental property tax deduction?

My wife just inherited some farmland, which is rented out. The renter sent her a 1099-misc, showing their payments. We...

5 comments posted 16yrs

posted by gbeccles

5 comments posted 16yrs posted by gbeccles

1099Gs (state income tax refunds) don't make sense

I paid very substantial income tax in 2007, almost nothing in 2008, and don't expect to pay anything in 2009. But my 10...

6 comments posted 16yrs

posted by Wade

6 comments posted 16yrs posted by Wade

What if due date is not busn day?

Considering closed-ended credit loans for which Reg Z (Truth in Lending) applies, is there a standard way to determine...

2 comments posted 16yrs

posted by whatsup31415

2 comments posted 16yrs posted by whatsup31415

2010 Total IRA Contribution Limits

I have already contributed $6000 to a ROTH IRA for 2010. Can I also make a contribution to a traditional IRA, assuming...

0 comments posted 16yrs

posted by googlemail2003

0 comments posted 16yrs posted by googlemail2003

Drake Software.

Greetings to All, We have changed to Drake software this year. Does anyone know of a newsgroup for Drake Software? Thank...

1 comments posted 16yrs

posted by news

1 comments posted 16yrs posted by news

Home Business Use

Does using half of a room for Business, qualify me to deduct certain business expenses for business use of my home, ass...

6 comments posted 16yrs

posted by vj445

6 comments posted 16yrs posted by vj445

Capital Loss in Trust

My mother has a simple trust (a bypass with my father's assets) and I am struggling with an item for 2009. Using rough...

2 comments posted 16yrs

posted by adwagner

2 comments posted 16yrs posted by adwagner

S Corp shareholders loss reporting -ordinary and capital

An individual started an S corporation with $50K initial capital contribution. During the year the business has a ordin...

3 comments posted 16yrs

posted by rashidwajed

3 comments posted 16yrs posted by rashidwajed

Mortgage Interest Limitation

The rules say that mortgage interest is only deductible on at most $1M of acquisition debt and $100k of homeowner's equ...

70 comments posted 16yrs

posted by rjmalinak

70 comments posted 16yrs posted by rjmalinak