Taxes General Forum

Sale of Rental Property

Client has rental property sold in 2016. To use round numbers, original purchase price was $250,000, sold for $325,000...

1 comments posted 9yrs

posted by michaelhbratt

1 comments posted 9yrs posted by michaelhbratt

Corrected 1099s

I recently received some corrected 1099's for a Trust of which I am Trustee. (and sole beneficiary) I already filed my...

3 comments posted 9yrs

posted by avrum223

3 comments posted 9yrs posted by avrum223

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 vend...

28 comments posted 9yrs

posted by rlc-news

28 comments posted 9yrs posted by rlc-news

how do you calculate depreciation on a rental property?

How do you calculate depreciation on a rental property?

1 comments posted 9yrs

posted by Mary M

1 comments posted 9yrs posted by Mary M

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...

1 comments posted 9yrs

posted by njoracle

1 comments posted 9yrs posted by njoracle

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 l...

2 comments posted 9yrs

posted by nojunk

2 comments posted 9yrs posted by nojunk

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...

1 comments posted 9yrs

posted by dave

1 comments posted 9yrs posted by dave

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 mu...

6 comments posted 9yrs

posted by nospamplease

6 comments posted 9yrs posted by nospamplease

Investment Expense

Neighbor received a 1099R for $8400, the amount was for investment advisory fees that the IRA investment company charge...

3 comments posted 9yrs

posted by bh2os62

3 comments posted 9yrs posted by bh2os62

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 ti...

4 comments posted 9yrs

posted by the_stan_brown

4 comments posted 9yrs posted by the_stan_brown

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 detai...

0 comments posted 9yrs

posted by ierwin4025

0 comments posted 9yrs posted by ierwin4025

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...

15 comments posted 9yrs

posted by the_stan_brown

15 comments posted 9yrs posted by the_stan_brown

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....

8 comments posted 9yrs

posted by spras2rao2

8 comments posted 9yrs posted by spras2rao2

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...

1 comments posted 9yrs

posted by wade

1 comments posted 9yrs posted by wade

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 s...

0 comments posted 9yrs

posted by See.above

0 comments posted 9yrs posted by See.above