[Event] Ask the Experts: Retirement/Life Events

Join us on Wednesday, June 26th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. This time we'll be answering questions about Retirement and Life Events, and how to prepare for these sh... read more

State tax - Where can I find Section 179, Passive or At-Risk Loss Carryovers from 2022

Hello,I have real estate. Finishing up my state tax.The question: Do you have any section 179 expense deduction, passive losses, or at-risk losses that were not allowed last year? What for in 2022 do I find this? TIA,J

Will we owe taxes?

My husband and I are both receiving SS benefits and we are both full retirement age. I no longer work however, my husband is continuing to work full time. We are aware that if you are full retirement age you can earn as much as you wish (according to... read more

Calculate the capital gain on the sale of a rental property

I have a home that my wife and I inherited from her father in 2011. Her father purchased it in 1993 for $100k. In 2010, her father upon the death of her mother, removed her mother and added my wife to the deed. We have rented the property, along with... read more

529 pa

If I switch beneficiaries from my 529, does that restart the clock for 529 for waiting15 years to transfer to a roth ira or is it null and void for roth ira?

Selling investments and taxable income

Hello! If I sell my etf holdings, is that considered taxable income and will count towards my income limits? I am worried about not being able to contribute to my roth ira if I am over 144k. Thanks!

Foreign home purchase

We are purchasing a home in Portugal this year as a second home. We know that there will be more than 10K in our new, PT, bank account at some point during the transactions so realize that we will need to file an FBAR for this tax year. It is worth n... read more

Roth conversions

I am 60 years old and my husband is 70 years old. We have both retired and our 2023 AGI is $70K. We have the ability to do Roth conversions, but have a few things to consider: We have to stay below the Medicare income limit of $206K for couples - whi... read more

inherited IRA

My dad had a traditional IRA with an investment firm. After he passed, the firm created an IRA in my name as a vehicle to process this account. I am being told that their is an IRS stipulation that says I have 10 years to liquidate (the 10 year rule)... read more

Get a rental property to pay less ?

529 distribution

Son 1 is in graduate school; paid spring term tuition with student loan.Son 2 is entering college in fall, got a full ride.We moved money from Son2's 529 to Son1's 529 to pay Son1's school expense. Can I withdrawal Son1's whole year expenses tax free... read more

foreign tax credit calculations

last year TTax home and business software was problematic regarding the foreign taxes I paid on investment dividends. I do not believe I received full credit against my tax liability. has the issue been addressed?

can you provide some current guidance regarding required minimum distribution?

capital gains tax

We are selling a secondary home that we purchased for my daughter and her family to live in during her husband's surgical residency. Since is is a second home for us and not our primary residence, but was not used as a rental property, we want to kno... read more

1099-C

I lost my job due to my disability, I couldn’t pay any of my bills and they were eventually discharged. During tax year 2023, a 1099C cancellation of debt was issued from a bank. I have never seen one of these things. Is that actually considered inco... read more