Taxes General Forum

section 1231 loss carryforward - offset vs. regular capital gains?

I have someone who had a Sec 1231 loss in 2013, shown on Form 4797. Even without the loss, they would have paid no taxe...

6 comments posted 9yrs

posted by davidrosenbaum

6 comments posted 9yrs posted by davidrosenbaum

Inheritance and Health insurance subsidies

My daughter is working part time and going back to school and thus qualifies for rather hefty subsidies under Affordabl...

5 comments posted 9yrs

posted by kurtullman

5 comments posted 9yrs posted by kurtullman

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...

0 comments posted 9yrs

posted by bh2os62

0 comments posted 9yrs posted by bh2os62

GoFundMe

I've noticed a lot of people using the GoFundMe site to raise money for various purposes. I've always assumed that _unl...

9 comments posted 9yrs

posted by vinnyB

9 comments posted 9yrs posted by vinnyB

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 do...

3 comments posted 9yrs

posted by nojunk

3 comments posted 9yrs posted by nojunk

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 un...

6 comments posted 9yrs

posted by rlc-news

6 comments posted 9yrs posted by rlc-news

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 ac...

5 comments posted 9yrs

posted by jblatz2

5 comments posted 9yrs posted by jblatz2

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 7...

7 comments posted 9yrs

posted by rick

7 comments posted 9yrs posted by rick

Bona Fide Residence Test

Under the Bona Fide Residence Test, the "uninterrupted period including entire tax year" seems to make an exception for...

1 comments posted 9yrs

posted by mycpacha

1 comments posted 9yrs posted by mycpacha

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 trigger...

2 comments posted 10yrs

posted by nickravo

2 comments posted 10yrs posted by nickravo

IRS AOD 2016-02

The IRA has acquiesced to the 9th Circuit decision in Voss vs Commissioner that the mortgage interest deduction is by t...

6 comments posted 10yrs

posted by tempuser

6 comments posted 10yrs posted by tempuser

ROTHs & REITs

Are ROTHs taxed at all? Correct me if necessary: (A) REITs normally pay higher dividends that traditional stock funds....

4 comments posted 10yrs

posted by nadcixelsyd

4 comments posted 10yrs posted by nadcixelsyd

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 Tra...

4 comments posted 10yrs

posted by m8r.jn1sdp

4 comments posted 10yrs posted by m8r.jn1sdp

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 rep...

1 comments posted 10yrs

posted by jason25

1 comments posted 10yrs posted by jason25

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...

3 comments posted 10yrs

posted by rick

3 comments posted 10yrs posted by rick