Taxes General Forum

Reporting Excess Roth IRA Contribution on 1040

I will be withdrawing excess 2008 Roth IRA contributions (not a total liquidation). These contributions resulted in a l...

4 comments posted 17yrs

posted by gindie

4 comments posted 17yrs posted by gindie

Recharacterization of stock transfer to Roth from Trad IRA during year

In mid 2008, TP elected to rollover 1000 Sh of WAMU from Trad IRA to Roth IRA (both held by same trustee), in expectati...

5 comments posted 17yrs

posted by an_ordinary_guy_158

5 comments posted 17yrs posted by an_ordinary_guy_158

Capital loss? ? ?

It now looks as if I'll have a net capital loss of $8,000 this year. In previous years, I paid taxes on cap gains. I'm...

3 comments posted 17yrs

posted by rayj.balt

3 comments posted 17yrs posted by rayj.balt

CCH Tax News Headlines - January 23, 2009

CCH Tax News Headlines - January 23, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws12309.htm...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

short sale 1099-c clarification?

Hello, I own a rental home in Arizona, purchased at the start of 2006. In 2006 and 2007 the combined carry over losses...

3 comments posted 17yrs

posted by tfprusd

3 comments posted 17yrs posted by tfprusd

Interest on Life Insurance

My wife's father died in 1997 and in early 2008 my wife received a $2075 life insurance distribution from Met Life. My...

1 comments posted 17yrs

posted by nospam

1 comments posted 17yrs posted by nospam

Co-workers' gift - taxable income?

> Sometimes there is some kind of matching by the employer. You can > almost never receive a non-taxable "gift" from yo...

0 comments posted 17yrs

posted by themightyatlast

0 comments posted 17yrs posted by themightyatlast

Office in home converted back to non office - depreciation?

Office in home converted back to non office - what happens to depreciation when you sell the house many years after you...

3 comments posted 17yrs

posted by smfwdf

3 comments posted 17yrs posted by smfwdf

CCH Tax News Headlines - January 22, 2009

CCH Tax News Headlines - January 22, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws12209.htm...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

fess for defined benefit plan

Where do you deduct the annual fees for a one person defined benefit plan? Is it a Schedule C deduction or Schedule A m...

5 comments posted 17yrs

posted by jyhoward.cpa

5 comments posted 17yrs posted by jyhoward.cpa

CCH Tax New Headlines - January 21, 2009

CCH Tax New Headlines - January 21, 2009 Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws12109.htm#...

0 comments posted 17yrs

posted by TaxService

0 comments posted 17yrs posted by TaxService

Are additional loan payments due to foreign currency increases deductable?

Hello All: Does IRS allow the deduction of additional loan payments in dollars due to the appreciation in the value of a...

0 comments posted 17yrs

posted by deguza

0 comments posted 17yrs posted by deguza

lodging for work

Hi everybody, My friend lives in an apartment complex. He does maintenance work and in return gets to live there for fr...

6 comments posted 17yrs

posted by Marion1E

6 comments posted 17yrs posted by Marion1E

Loss in a Roth

I over contributed to a Roth in 12/08. I realized the problem in 1/09 and re-charcterized the overage. At the time I ma...

1 comments posted 17yrs

posted by avrum223

1 comments posted 17yrs posted by avrum223

Travel insurance as medical expense?

Anyone think a 77-year-old academic type, healthy but cautious, making a lengthy quasi business trip (lecturing oversea...

17 comments posted 17yrs

posted by siegman

17 comments posted 17yrs posted by siegman