Taxes General Forum

why OR taxes federal tax stimulus rebate ?

As I understand IRS does not charge tax on 2008 tax stimulus rebate, nor many states. Why Oregon charges tax on it ? Can...

9 comments posted 17yrs

posted by garyli

9 comments posted 17yrs posted by garyli

Limit on years for cap loss carryover?

Is there any limit to the number of future years to which we can apply capital loss carryover? I would think not. But i...

7 comments posted 17yrs

posted by curiousgeorge408

7 comments posted 17yrs posted by curiousgeorge408

LLC Taxation Question

Hello, I formed an LLC in November 2008 to start a web-based e-commerce business. I have since had to put the project o...

2 comments posted 17yrs

posted by michael.isidro

2 comments posted 17yrs posted by michael.isidro

1009-INT questions

I'm filing a 1040. 1) I received a 1099-INT in the amount of $14 for my minor child, who I am claiming as a dependent....

4 comments posted 17yrs

posted by grip

4 comments posted 17yrs posted by grip

ending capital account does not match beginning capital account

I'm looking at some of my K1's and notice that the ending capital account from the previous year does not match beginnin...

0 comments posted 17yrs

posted by removeps-groups

0 comments posted 17yrs posted by removeps-groups

Planned IRA contribution by 4/15 but can't make it..

I filed my 2008 return and had a deduction because I planned on contributing $2500 to my IRA before 4/15. I cannot make...

2 comments posted 17yrs

posted by baghastin

2 comments posted 17yrs posted by baghastin

Rental Property LLc tax treatment

I often find valuable advice to others, today I would like some advice on my situation. My wife, along with 4 siblings,...

3 comments posted 17yrs

posted by dc

3 comments posted 17yrs posted by dc

In a partnership, when are capital account and outside basis the same

In a partnership, can the capital account and outside basis be the same? For example, if you contributed 10k cash to a...

4 comments posted 17yrs

posted by removeps-groups

4 comments posted 17yrs posted by removeps-groups

Sec. 179 depreciation limited to taxable Business Income

I thought I understood this completely, but now I'm wondering. All other limits withstanding, I was under the impressio...

3 comments posted 17yrs

posted by highledge

3 comments posted 17yrs posted by highledge

How to write off points and refinance expenses?

In 2008 I refinanced my second home, that is occupied by my daughter (not rental) for about $400,000. The expenses cons...

1 comments posted 17yrs

posted by john5646john

1 comments posted 17yrs posted by john5646john

How can I know if a particular expense on my rental property is depreciable?

Hello, I paid a few thousand dollars to replace the sewer line in the backyard of a rental property. Is this an expense...

16 comments posted 17yrs

posted by johngilmer

16 comments posted 17yrs posted by johngilmer

Trust and Estate tax issues

Hi, We have a Credit Shelter/Family Trust (Trust B) where my mother has become trustee after my father's passing. A sim...

2 comments posted 17yrs

posted by gpark1

2 comments posted 17yrs posted by gpark1

Error in 1099-B

I posted a message regarding my 1099-B just minutes ago, but noticed I described the situation incorrectly. Here is the...

2 comments posted 17yrs

posted by odiegoogle

2 comments posted 17yrs posted by odiegoogle

Form 1099-B

I sold some stocks that were worthless, and noticed they are not mentioned in my 1099-B. I assume this is because there...

0 comments posted 17yrs

posted by odiegoogle

0 comments posted 17yrs posted by odiegoogle

Rental Property

I'm helping a friend with her taxes, and realized that the rental income from a trailer she owns has never been declare...

1 comments posted 17yrs

posted by blaha

1 comments posted 17yrs posted by blaha