Taxes General Forum

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Home Sale Exclusion

Hi All - I got an inquiry about the home sale exclusion. This person left his primary residence 3.5 years ago for a new...
4 comments posted 6yrs
posted by spamtrap
4 comments posted 6yrs posted by spamtrap

Dealing with a bad debt...

I lent someone's LLC $25,000 18 years ago. He gave me $35,000 of gems in collateral, and a jeweler I knew was to sell t...
1 comments posted 6yrs
posted by wadelippman
1 comments posted 6yrs posted by wadelippman

QCD - how a charity qualifies

I'm on the board of a small local 501(c)3 charity, about to start our annual giving drive. Since a number of our donors...
8 comments posted 6yrs
posted by the_stan_brown
8 comments posted 6yrs posted by the_stan_brown

1031 stock exchange 2017

I received an exchange 12/29/2017 per share I received $222.93 a share and .5077 shares in stock. i still own the stock...
6 comments posted 6yrs
posted by davidmetzger0
6 comments posted 6yrs posted by davidmetzger0

Question on the new tax laws exemptions

The tax reform legislation raised the estate tax exemption thresholds. This increase expires at the end of 2025. Does i...
2 comments posted 6yrs
posted by jessica.beltz
2 comments posted 6yrs posted by jessica.beltz

Seeking practical advice about wash sales

I know what IRS Pub 550 says about wash sales, but it just is not practical, IMHO. For the most part, my potential wash...
2 comments posted 6yrs
posted by joeu2004.5
2 comments posted 6yrs posted by joeu2004.5

Installment Sale/Gift

Father wants to transfer ownership of his corporation to his children. To avoid gift tax it will be a purchase for fair...
11 comments posted 6yrs
posted by spamtrap
11 comments posted 6yrs posted by spamtrap

Sale of primary residence

This took place in California, a community property state. Taxpayer and spouse were divorced, and spouse transferred hi...
1 comments posted 6yrs
posted by the_stan_brown
1 comments posted 6yrs posted by the_stan_brown

Where does this go to on the federal tax return?

Where does this income go to on the federal tax return? 1. My husband and I  invest small amounts of money in many Trus...
3 comments posted 6yrs
posted by jessica.beltz
3 comments posted 6yrs posted by jessica.beltz

Do noncollectable judgements have any tax benefit?

My daughter in law was badly injured in an auto accident. The other driver was entirely at fault, but has minimal insur...
2 comments posted 6yrs
posted by wadelippman
2 comments posted 6yrs posted by wadelippman

an easy wash sale rule query

Suppose I buy XYZ and sell it at a loss, in the regular account where my wife and I are joint owners. Now if I buy XYZ...
2 comments posted 6yrs
posted by moo
2 comments posted 6yrs posted by moo

1099 Filing Service?

Hi all - Is there a 1099 filing service that you particularly like or recommend? Thanks.
0 comments posted 6yrs
posted by spamtrap
0 comments posted 6yrs posted by spamtrap