Latest threads in Taxes General Forumshow only best voted threads
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non compliant IRA contributions
If a deductible spousal IRA was made on previous 3 years of returns and no earned income was reported on tax forms, how should the error be corrected. The IRS has not caught the infraction yet and the...
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7 years ago
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GoFundMe
I've noticed a lot of people using the GoFundMe site to raise money for various purposes. I've always assumed that _unless_ the entity soliciting the donations is a recognized charitable organization,...
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7 years ago
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What comes first, writing off Capital Gains against Capital losses or...?
What comes first, writing off Capital Gains against Capital losses or zero tax because I'm in the 10% tax bracket. I don't want to use my Capital Losses, if I'm paying zero taxes anyway. (other than...
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7 years ago
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What happens to deferred vacation losses on home no longer a vacation home?
Relative has a second home that has historically had 14+ days of personal use (lived in during summer, rented out to unrelated parties the rest of the year). Over time, the property has built up quite...
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7 years ago
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Will IRS be notified of my intra bank transfers?
I have two checking accounts in one bank. One of them is in my name and my daughter's. The ONLY reason she is on the account is so she can access money for me if something happens to me and I'm not...
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7 years ago
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Effect of COLA on Soc Security PIA
My wife started collecting social security benefits at age 62 in 2013. Her monthly payment was approximately equal to 75% of her PIA, and the PIA amount was on the statement she received just before...
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7 years ago
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Bona Fide Residence Test
Under the Bona Fide Residence Test, the "uninterrupted period including entire tax year" seems to make an exception for temporary trips (provided a "definite, temporary purpose" with "clear intention...
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7 years ago
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Liability on a kind of ROTH / Traditional IRA Straddle
Hi group, an interesting tax question came up at a trading group session the other day: What tax liability am I triggering if I am long, let's say 10 calls, of XYZ, in my traditional IRA and short 10...
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7 years ago
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IRS AOD 2016-02
The IRA has acquiesced to the 9th Circuit decision in Voss vs Commissioner that the mortgage interest deduction is by taxpayer, not by residence. Information is here at Paul Caron's blog: OR 9th...
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7 years ago
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ROTHs & REITs
Are ROTHs taxed at all? Correct me if necessary: (A) REITs normally pay higher dividends that traditional stock funds. (B) This is because, the dividends are not taxed to the REIT. (C) This means that...
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7 years ago
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Investment Expenses -- whether subject to 2% limitation
1. ADR fees paid on Foreign dividends 2. Bullion storage fees charged by brokerage firm 3. Reimbursement of Account Transfer fees. [I transferred an account and received a "bonus" from Brokerage A...
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7 years ago
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Sale of house used as partial rental
Since 2010 I have been renting extra rooms in my house to tenants while I still also live in the house. I have been reporting rental income each year on my 1040 Schedule E and also deducting expenses...
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7 years ago
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Property Tax Homestead Exemption - Florida
This question is about the Florida Homestead Exemption. My son has a homestead exemption on his house in Orange County which he has owned for several years. Earlier this year (2016), he purchased a...
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7 years ago
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Rental Concern
We purchased a Florida house in 2/16. We intend to first move in, in 9/16. We then intend to make that FL house our State Tax domicle residence (v current CT). Before our purchase offer, we were...
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7 years ago
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TaxSlayer
Anyone know of TaxSlayer groups to post? tks all BW
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7 years ago
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