Taxes General Forum

Misdirected IRA Contribution

An IRA contribution was made in early 2008 as a non-deductible contribution for 2007. Just found out that the bank mist...

1 comments posted 17yrs

posted by michael.bratt

1 comments posted 17yrs posted by michael.bratt

Where to write off Prosper Loans that have been charged off

I am a lender through the group Prosper. During 2008, I had about a dozen relatively small loans charged off because Pr...

6 comments posted 17yrs

posted by feldesmanm

6 comments posted 17yrs posted by feldesmanm

1099G - California

Hi, I received a 1099G form that shows a dollar amount in box 2, "State income tax refunds, credits, or offsets." When...

1 comments posted 17yrs

posted by nospam

1 comments posted 17yrs posted by nospam

How do I enter shorted stock transactions?

I am using TT premier but I am a little unsure on how to report these types of transactions. Please advise. Thanks!

2 comments posted 17yrs

posted by danielayala81

2 comments posted 17yrs posted by danielayala81

Form 8283 issue

I'm getting a review alert on Form 8283 for a couple of non- cash donations with the tax software I'm using. The total...

3 comments posted 17yrs

posted by speedlever

3 comments posted 17yrs posted by speedlever

Estate Tax

My mother-in-law died in 2007 with a very small estate so we filed a 2007, 1040 final decedent return. However, a divid...

14 comments posted 17yrs

posted by glass

14 comments posted 17yrs posted by glass

specifying method of computing cost basis

When do you have to specify to the IRS which method you're using to calculate cost basis for stocks and mutual funds, w...

3 comments posted 17yrs

posted by j.x.a.peterson

3 comments posted 17yrs posted by j.x.a.peterson

slightly underreported income

I finished filing my 2008 taxes and then noticed that I made a typo and underreported my W-2 income by $5 (that's just...

2 comments posted 17yrs

posted by j.x.a.peterson

2 comments posted 17yrs posted by j.x.a.peterson

decrease in value on inherited property - deductible ?

these circumstances - Mother passed away in Nov. 2006 Her house was left to three surviving adult children. One child l...

7 comments posted 17yrs

posted by tx3400

7 comments posted 17yrs posted by tx3400

CCH Tax News Headlines - February 6, 2009

CCH Tax News Headlines - February 6, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws2609.htm#...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

CCH Tax News Headlines - January 6, 2009

CCH Tax News Headlines - January 6, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws2609.htm#1...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

CCH Tax News Headlines - February 5, 2009

CCH Tax News Headlines - February 5, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws2209.htm#...

4 comments posted 17yrs

posted by TaxService

4 comments posted 17yrs posted by TaxService

ESPP Taxed Twice?

This question is regarding being taxed twice under an employee stock purchase plan. The company allows us to buy a set...

4 comments posted 17yrs

posted by WebLord

4 comments posted 17yrs posted by WebLord

Long or short term on mutual fund sales?

Say I have bought a mutual fund 2 years ago and 6 months ago; now I sell some (less than either purchase). Is it FIFO, s...

1 comments posted 17yrs

posted by Tom

1 comments posted 17yrs posted by Tom

Amend for Dependent

2 scenarios, just want to know if they're correct. 1. Spouse lives with husband in US for 2 years before receiving SS#....

1 comments posted 17yrs

posted by kingfish02375

1 comments posted 17yrs posted by kingfish02375