Taxes General Forum

wash sale question and also a RMD query

Ok, quick query: Suppose on Dec. 20th, I buy XYZ stock. I sell it all on 12/21 for a $1000 LOSS. Ok, on 1/5 of the foll...

4 comments posted 10yrs

posted by moo

4 comments posted 10yrs posted by moo

VW is giving me a $1000 kickback. Would it be taxable?

As a "Goodwill gesture", VW is giving me a $1000 gift card for selling me a diesel with tampered emissions back in 2014...

1 comments posted 10yrs

posted by rodneyfarber

1 comments posted 10yrs posted by rodneyfarber

Support test for potential dependent, how to calculate housing costs when no mortgage/rent

My gf lives in a house that is owned outright by different trusts. She doesn't pay anything to the trusts to live in th...

1 comments posted 10yrs

posted by xyzer

1 comments posted 10yrs posted by xyzer

Missed RSU basis reporting change - should I amend?

I just discovered that Fidelity changed the way that they report my restricted stock unit (RSU) sales in 2014. For 2013...

1 comments posted 10yrs

posted by arequipeno

1 comments posted 10yrs posted by arequipeno

Selling a stock

For tax purposes, is the transaction complete when the trade occurs or when it settles. Thinking about selling a stock a...

3 comments posted 10yrs

posted by kurtullman

3 comments posted 10yrs posted by kurtullman

Timing of Solar Installation

I'm putting solar panels on my house. If I pay the installer before the end of 2015, can I claim the credit on my 2015...

1 comments posted 10yrs

posted by woessner

1 comments posted 10yrs posted by woessner

Converting rental property back to primary residence... and then selling under capital gains exclusion

I have a condo that has been rented out for 4 years. I originally lived in the condo for 3 years. I now want to move ba...

7 comments posted 10yrs

posted by kennethalevin

7 comments posted 10yrs posted by kennethalevin

proceeds from house sold in estate?

My MIL died 18 months ago. Her estate consisted on a bank account joint with my wife, a bank account joint with my BIL,...

7 comments posted 10yrs

posted by *

7 comments posted 10yrs posted by *

Inherited art work basis

My sister and I inherited art work from my father's estate almost 15 years ago. It was appraised by an art dealer at th...

4 comments posted 10yrs

posted by phillysleuth

4 comments posted 10yrs posted by phillysleuth

stock options questions

OK, I dabble in weekly options. I have two very similar questions: 1) I sell calls that expire on 12/31. Say they expir...

1 comments posted 10yrs

posted by moo

1 comments posted 10yrs posted by moo

Gifts and IRS Forms

If my wife and I want to give my son $20,000 from a joint checking account can we write two checks and not have to use a...

3 comments posted 10yrs

posted by larry.israel100

3 comments posted 10yrs posted by larry.israel100

I thought I have been contributing to Roth IRA for past 3 years, but I was actually contributing to Traditional IRA. How can I fix this?

Hi, I have been contributing my after-tax income to Traditional IRA instead of Roth IRA for past 3 years without knowin...

6 comments posted 10yrs

posted by c.holic01

6 comments posted 10yrs posted by c.holic01

Form 1095-A and Automated Tax software

I notice a problem with the way both Tax Act and Turbo Tax are processing the form 1095-A for people who get health ins...

0 comments posted 10yrs

posted by rick

0 comments posted 10yrs posted by rick

inheritance vs. jtwrs

My mother bought 100 shares of a mutual fund for $1000 ($10 per share). contributed nothing. I am listed as a joint ten...

3 comments posted 10yrs

posted by bh2os62

3 comments posted 10yrs posted by bh2os62

Medicare Part B and Part D surcharge

A single person age 77 had a MAGI of 204,000 in 2014 because he withdrew $150,000 from his IRA. $110,000 of that was gi...

1 comments posted 10yrs

posted by geoanthony

1 comments posted 10yrs posted by geoanthony