Latest threads in Taxes General Forum | best threads

Subject Author Posted Replies
 
Old Stock Prices
I have stock I got in 1975. I can't find my paperwork for then, but I need to know the price. I asked the company; they said to ask the transfer agent. And vice-versa. Any ideas as to how I can find...
3 months ago 5
 
Sale of Rental Property
Hello, - I bought my house in 2006. This was my primary residence. - I moved out in 2008 and tried selling the house buy was unable to - I rented out the house from 2009 to 2018. - I finally sold it...
3 months ago 1
 
Who Gets the Stimulus Check?
OP was fostering her nephews for all of 2019 and the first few months of 2020. She (apparently properly) claimed the kids as dependents in 2019. She received a stimulus check of $500 with respect to...
3 months ago 7
 
Deductible charity donations
I contribute to a number of animal welfare and rescue organizations, not all of which are US based. Are non US organizations legitimate deductions? Eg SOI Dogs, Takis Animal Rescue (Greece), let?s...
3 months ago 3
 
wash sale/short sale query
Bought XYZ on 3/1 Sold it at loss on 3/8 Bought it again on 3/12 so wash sale in effect Sold it on 3/15 so no more wash sale. But I also sold it short on 3/15 Is there any short sale situation at this...
3 months ago
 
friend not getting his refund nor stimulous check
My friend filed on 3/17, as did his gf. Both had similar returns -- standeard deduction. She got a paper check in a few weeks. He is awaiting a direct deposit. When he checks on it they first said it...
3 months ago 4
 
Withdraw postings
Forgive me if this is the wrong way to communicate with mtm moderators directly. Earlier today, I submitted two postings to mtm. Their contents are excerpted below from the ack message. Both postings...
3 months ago 1
 
Partial Second Home
Here's one that has me stumped. OP owns a duplex - two condos. He lives on the top, rents out the ground floor, and uses the basement, which is technically the same lot as the groud floor condo. Part...
3 months ago 7
 
Stimulus Payment to Dead Person
I am the personal representative of an estate. The decedent died in August, 2019. I distributed all the known assets and closed the estate in March 2020. But the Probate Code where I am states that...
3 months ago 21
 
One-per-year rollover limitation?
According to IRS Pub 590-A, ``you can make only one rollover from an IRA to another (or the same) IRA in any 1-year period``. But it goes on to say: ``The limit will apply by aggregating all of an...
3 months ago 7
 
Roth IRA First Time Home Buyer
Hi All - OP took out $2100 to buy his first home, from his Roth IRA. Assuming he's under the age where that would avoid a possible penalty, and assuming he qualifies for the first-time home-buyer...
4 months ago 1
 
Tax ID Number dilemma
Background ****************** We had a LLC in CA. Then in the 2008/09 recession, we closed the LLC with the CA FTB to avoid their large yearly franchise fees. We had no revenues. However, the bank...
4 months ago
 
MFS Status Stimulus
Brothers filing status, 18 and 19 is MFS, will he and spouse receive a stimulus check? If so, please leave a link to review. Tks all bw If brother has filed 2019 and has AGI under $75K, he'll receive...
4 months ago 1
 
Roth IRA and Medicaid
Does anyone here know if a Roth IRA is counted as an asset for Medicaid purposes? Or is that determined at the state level? I'm looking particularly for the rule in Michigan. I saw an indication in...
4 months ago 8
 
Question re: Stimulus Payment (CARES Recovery Rebate)
Does anyone seen an answer to this query: If someone has not filed a 2019 return but did file a 2018 return with direct deposit information and that bank account is now closed, what happens when the...
4 months ago 9