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Tax Basis of Roth IRA distribution in kind

My Roth IRA holds only marketable securities -- some with gains and some with losses. If I close out my Roth IRA by dis...
4 comments posted 6yrs
posted by m8r.jn1sdp
4 comments posted 6yrs posted by m8r.jn1sdp

Multi-Year Projection

I am 62 and mostly retired. I am also on Obamacare until Medicare kicks in. I live mostly off withdrawals from my asset...
9 comments posted 6yrs
posted by dontspamme
9 comments posted 6yrs posted by dontspamme

Administering a Trust

As my mother in law got older, we went to an attorney and set up a living trust. i.e. A trust that is set up using her...
6 comments posted 6yrs
posted by JoeTaxpayer
6 comments posted 6yrs posted by JoeTaxpayer

401-K Loan - Repayment on Job Termination

Here's one I know nothing about. Apparently when someone properly borrows from his 401-K, and then leaves his job with...
4 comments posted 6yrs
posted by spamtrap
4 comments posted 6yrs posted by spamtrap

Involuntary withdrawal from 401(k)

My question is how to avoid the consequences of a 401(k) distribution in cash that I didn't ask for. Background: tradit...
4 comments posted 6yrs
posted by the_stan_brown
4 comments posted 6yrs posted by the_stan_brown

What is the trust's tax basis upon funding?

Normally, the basis to the donee is the lower of donor's cost basis or FMV at time of gift. If an irrevocable trust is f...
3 comments posted 6yrs
posted by m8r.jn1sdp
3 comments posted 6yrs posted by m8r.jn1sdp

Payment to Foreign Worker

A US company has hired a foreign (non-citizen/non-resident) worker (probably independent contractor) to do work, but no...
3 comments posted 6yrs
posted by spamtrap
3 comments posted 6yrs posted by spamtrap

401-K Rollover

Have the rollover rules changed for 401-K's? Someone told me he's over 59? and has taken a distribution from his 401-K,...
3 comments posted 6yrs
posted by spamtrap
3 comments posted 6yrs posted by spamtrap

QBID for rental properties

In my opinion I qualify for the QBI deduction for my rental properties. I have a couple of questions maybe someone can...
2 comments posted 6yrs
posted by way111
2 comments posted 6yrs posted by way111

Out of State Employee

I received an inquiry and I don't know how to deal with it. A person is employed by a company in one state, but he work...
5 comments posted 6yrs
posted by spamtrap
5 comments posted 6yrs posted by spamtrap

what if I don't have basis info for a stock?

Years ago I was gifted stock. I distinctly remember giving the basis info to my broker and seeing it show up in my acco...
4 comments posted 6yrs
posted by wadelippman
4 comments posted 6yrs posted by wadelippman

Currency Exchange

Client has a rental property in Argentina. The economy has been bad for years and is worse now. She converts Argentine...
6 comments posted 6yrs
posted by michaelhbratt
6 comments posted 6yrs posted by michaelhbratt

Form 1040-ES

I am not a tax professional... It has only become clear to me recently that I will owe quite a bit more tax for 2019 th...
2 comments posted 6yrs
posted by nospam
2 comments posted 6yrs posted by nospam