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FORM 8288-A

Hi There I have been waiting for the stamped Form 8288-A from the IRS but received nothing yet. It has been over two mo...
0 comments posted 9yrs
posted by enrico62monesi
0 comments posted 9yrs posted by enrico62monesi

Lost money on publicly traded Hemp stock

So I had a short term capital loss on over the counter HEMP stock in 2016. It's still trading pubicly, type HEMP into g...
2 comments posted 9yrs
posted by xyzer
2 comments posted 9yrs posted by xyzer

Office Condo Association

I am wondering whether an office condo association might be able to qualify as a nonprofit under ?501(c)(6), business le...
0 comments posted 9yrs
posted by spamtrap
0 comments posted 9yrs posted by spamtrap

Charitable effort

My wife, a nurse, volunteered to spend a week in Haiti, assisting the worlds Most needy. She paid for all of her expens...
2 comments posted 9yrs
posted by dave
2 comments posted 9yrs posted by dave

Qualified dividends reported on 1099-DIV

This year I've noticed that the qualified dividends equal the total dividends on 1099-DIV for 2016. This has never happ...
2 comments posted 9yrs
posted by See.above
2 comments posted 9yrs posted by See.above

Foreign ETFs and Mutual Funds

Are foreign ETFs and mutual funds treated the same way?
3 comments posted 9yrs
posted by larry.israel100
3 comments posted 9yrs posted by larry.israel100

Amortizing Goodwill

If a business with $500K of tangible assets is purchase for $1M, there is $500K of excess value - or "goodwill" - that...
2 comments posted 9yrs
posted by persistentone
2 comments posted 9yrs posted by persistentone

In which tax year should I include this transaction?

In which tax year should I include this transaction? I did a Reverse 1031 exchange transaction. Purchased a property in...
0 comments posted 9yrs
posted by jessica.beltz
0 comments posted 9yrs posted by jessica.beltz

Accrued Market Discount on 1099-B

My 1099-B this year include an Accrued Market Discount on a bond that was sold. It increased my cost basis. Do I need t...
5 comments posted 9yrs
posted by m8r.jn1sdp
5 comments posted 9yrs posted by m8r.jn1sdp

Kiddie Tax, Foreign Parenta

With the recent question of the kiddie tax, I recently had an inquiry from a student who comes under the kiddie tax. Th...
4 comments posted 9yrs
posted by spamtrap
4 comments posted 9yrs posted by spamtrap

Late 1099s and 663(b) Option

I am trustee/co-trustee for two trusts. The financial firm holding the accounts for the trusts has informed me that 109...
0 comments posted 9yrs
posted by daniel.schumacher1
0 comments posted 9yrs posted by daniel.schumacher1

"eligible building property description"

TaxACT has an area on their schedule E data entry form, in the section where you can choose your annual elections for s...
0 comments posted 9yrs
posted by way222
0 comments posted 9yrs posted by way222

schedule E vacation/short term rental

I have a vacation condo that I exclusively rent out. Average rental term is less than 7 days. When I got this property,...
3 comments posted 9yrs
posted by way222
3 comments posted 9yrs posted by way222

Can my 23 yo son use an education deduction?

My son is 23 and in graduate school. I have too much income to get any benefit from his significant tuition expenses. H...
6 comments posted 9yrs
posted by wade
6 comments posted 9yrs posted by wade