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When is CD interest taxed?

I invested in certificates of deposit for the first time in 2023, so I'm trying to figure out how CD interest is taxed....
1 comments posted 2yrs
posted by arequipeno
1 comments posted 2yrs posted by arequipeno

Information on Google Groups

Info from Google: Starting on February 22, 2024, you can no longer use Google Groups (at groups.google.com) to post con...
7 comments posted 2yrs
posted by spamtrap
7 comments posted 2yrs posted by spamtrap

Include amended 1040 with 1040-X?

The IRS instructions for Form 1040-X say: Assemble any schedules and forms behind Form 1040-X in the order of the “Atta...
0 comments posted 2yrs
posted by arequipeno
0 comments posted 2yrs posted by arequipeno

2024 Standard Mileage Rates

Beginning January 1, 2024 https://www.irs.gov/pub/irs-drop/n-24-08.pdf Thanks to the Tax Cuts and Jobs Act, provisions...
2 comments posted 2yrs
posted by ahk
2 comments posted 2yrs posted by ahk

Error in IRS Pub 946

IRS Pub. 946, table A-13, page 83 Residential Rental Property Placed in Service After 2017 Straight Line--30 Years Mid-...
1 comments posted 2yrs
posted by tydeman.consulting
1 comments posted 2yrs posted by tydeman.consulting

IRA question

I am in my 70s and have an IRA that I inherieted from my mother (who was taking RMDs). The 1099-R from 2022 (which I as...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting

Depreciation of trees

Instructions for IRS Form 4562 says trees that bear fruits or nuts are 10-year property for depreciation. Would trees u...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting

Married Filing Separately

Couple is going through a contentious divorce which will not finalize until early 2024. They still will be legally marr...
1 comments posted 2yrs
posted by rick
1 comments posted 2yrs posted by rick

confused on strategy here

$8000 in st loss $22000 in LT gain Suppose I have $3000 in unrealized ST gain. Do I take it now -- would nullify more L...
1 comments posted 2yrs
posted by moo
1 comments posted 2yrs posted by moo

Hiring a handyman

Usually I can get some idea of an answer from the IRS website, but this time I couldn't make head or tail of the requir...
2 comments posted 2yrs
posted by the_stan_brown
2 comments posted 2yrs posted by the_stan_brown

Load charge on Mutual Funds

Some mutual funds have x% load charge on purchase and sale. If I buy a mutual fund, say $10K with a 2% load charge, the...
2 comments posted 2yrs
posted by m8r.jn1sdp
2 comments posted 2yrs posted by m8r.jn1sdp

Depreciation conventions

The tax program I am using lists four depreciation calculation conventions: HY = Half Year MQ = Mid-Quarter MM = Mid-Mo...
0 comments posted 2yrs
posted by tydeman.consulting
0 comments posted 2yrs posted by tydeman.consulting

vacation/rental house is 14-day rule pro-rated ?

We have a house classified as "vacation/short-term rental" on Schedule E. There's a "14-day rule" that's critical in de...
7 comments posted 2yrs
posted by johngeyles
7 comments posted 2yrs posted by johngeyles