Taxes General Forum

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Section 8 Housing

This isn't strictly a tax question, but I'm hoping maybe someone has run into it in their practice. My father has a gir...
1 comments posted 7yrs
posted by dontspamme
1 comments posted 7yrs posted by dontspamme

Is she a Head of Household in 2018?

My unmarried granddaughter gave birth on August 31st. Will she be a head-of-household when she files her 2018 tax retur...
12 comments posted 7yrs
posted by nadcixelsyd
12 comments posted 7yrs posted by nadcixelsyd

Cohan Rule for California Franchise Tax Board

A client made improvements on his rental property in 1998, then made a 1031 exchange in 2016. California Franchise Tax...
3 comments posted 7yrs
posted by mycpacha
3 comments posted 7yrs posted by mycpacha

RMD's on Inherited IRA's

Assume that Joe is over 72, and has both a traditional and a Roth IRA which he leaves in equal shares to his children,...
3 comments posted 7yrs
posted by dontspamme
3 comments posted 7yrs posted by dontspamme

How to deduct start up costs

Daughter-in-law has been a photographer for the last few years, reporting on a Schedule C. She is now reaching the poin...
5 comments posted 7yrs
posted by ramridge
5 comments posted 7yrs posted by ramridge

Conversion from Inherited IRA to Roth IRA?

Can we do a conversion from a non-spousal Inherited IRA to a non-inherited Roth IRA (i.e. my own)? I thought IRS Pub 59...
2 comments posted 7yrs
posted by joeu2004.5
2 comments posted 7yrs posted by joeu2004.5

Are cash incentives from brokers taxable?

I just read an article that says that cash rebates from businesses are not taxable. The last couple years I have been m...
4 comments posted 7yrs
posted by wade
4 comments posted 7yrs posted by wade

Question on State Income Tax

We are an older couple who split our time between CA and FL. We have a small business in FL that is remotely run when w...
3 comments posted 7yrs
posted by jessica.beltz
3 comments posted 7yrs posted by jessica.beltz

Where / How to file rental income?

My husband and I acquired 3 small commercial properties via 1031 exchanges. The relinquished properties (residential) w...
1 comments posted 7yrs
posted by jessica.beltz
1 comments posted 7yrs posted by jessica.beltz

Basis of inherited home with postponed gain

My wife and I have postponed gain from our previous home that we sold in 1994, under the law in effect at that time tha...
1 comments posted 7yrs
posted by bob_usenet
1 comments posted 7yrs posted by bob_usenet

Insurance Proceeds and 1031 Exchange

I was asked about a situation where a $4 million property incurs $1 million in damages, covered by insurance. The prope...
2 comments posted 7yrs
posted by spamtrap
2 comments posted 7yrs posted by spamtrap

Annuity IRS

Can I amortize the principal over my life expectancy?
1 comments posted 7yrs
posted by davidmetzger0
1 comments posted 7yrs posted by davidmetzger0

1031 Exch question

I did a reverse 1031 exch via a qualified intermediary. One property sold and 2 properties purchased in exchange. Here...
1 comments posted 8yrs
posted by jessica.beltz
1 comments posted 8yrs posted by jessica.beltz

Property Expenses

2 Questions on property expenses I bought a property 20 years ago for my myself. I lived in it for a few years and then...
5 comments posted 8yrs
posted by jessica.beltz
5 comments posted 8yrs posted by jessica.beltz