Latest threads in Taxes General Forumshow only best voted threads
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MA asserts nexus over internet vendors
Fascinating. MA has decided to declare that an out-of-state internet vendor (as opposed to non-internet mail order vendor) who makes too many sales in MA has taxable nexus. They even assert that the...
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7 years ago
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how do you calculate depreciation on a rental property?
How do you calculate depreciation on a rental property?
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7 years ago
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Does Uber Income Affect Unemployment Eligibility?
A person in NJ employed by a NJ company and making $1700 per week is laid off. In NJ, he is eligible for $636 a week in unemployment benefits from the state. While looking for a new job, he drives for...
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7 years ago
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Calculating my SEP contribution
My wife and I are self employed. We both have SEPs. My Sched C has gross income and expenses, listing her as contract labor. Her Sched C lists just her amount paid as contract labor. Line 31 of both...
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7 years ago
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CT Income Taxes
For 15 years, we were CT residents. In Janyuary 2016, we moved to FL, with the intent of establishing FL residency. We did spend April until 7 September 2016 at our CT house This will be the first...
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7 years ago
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Travel costs when purchasing a rental property but property not purchased.
Moderator: Third time trying to post this question. How do you handle travel and related expenses or a taxpayer with multiple Schedule E rentals which are incurred looking for an additional property...
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7 years ago
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Investment Expense
Neighbor received a 1099R for $8400, the amount was for investment advisory fees that the IRA investment company charged him. My question is can that charge be deducted as an investment expense on...
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7 years ago
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Mortgage interest discrepancy
My bank received my December 2015 payment before the last day of the month, but for whatever reason didn't credit it till January 2016. Therefore my 1009-INT for 2015 was short $500 and change. I...
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7 years ago
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Sale of Principal Residence and Qualifying Adjacent Lot in Different Tax Years
Please accept that the vacant land sale met the requirements of Regulation 1.121-1(b)(3.) I just need to know the details of how to file my 2016 return. We sold primary residence on 06/11/2015. I...
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7 years ago
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Computing withholding allowances
I have an Excel sheet in which I compute my estimated tax, and every year I'm accurate within a few dollars. I'm still working, so I prefer withholding to filing estimated tax. each paycheck. However,...
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7 years ago
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CA Residency: Out-of-State student graduated
Hi We are residents of California. My daughter moved out of state (to Maryland) for her undergraduate program in 2013. During this period, she has worked in the university lab and got paid. We have so...
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7 years ago
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Tax consequences of Medicare?
I am now getting SS and will get Medicare later this year. I plan on having the Medicare costs deducted from my SS. Do the deductions reduce the amount of SS I get for tax purposes, or does SS remain...
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7 years ago
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Date acquired in Form 8949
An ex-brokerage sold all the partial shares before transferring the contents of my account to a new brokerage. It has sent me a 1099-B declaring the sales of partial shares as long term; I did not...
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7 years ago
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Child's Income Tax Form as a Result of 1099-MISC
A child (under 16), earns income ($2000) as a model and receives a 1099-MISC from the modeling agency. I assume we cannot include the income on the parent's tax form using 8814 since this is earned...
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7 years ago
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Taxation of short sale hedges
Let's say I am short stock shares of ABC. Don't cover in the course of a tax year, but each week I have been buying OTM calls to hedge against a spike up in the share price. All the calls have expired...
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7 years ago
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