I've read so much that seems conflicting. Here's the scenario:Rental
property - owned 35 years, rented the last 30 years.Last year we sold
it. However, the last renter (successful 29 years, burned badly last
year) pretty much destroyed the place. We ...read more
jeanne17‎Posted 2 weeks ago
| Latest post 2 weeks ago by
tagteam
Per IRS Instructions, a not-for-profit rental home that has not had a
loss in the past 5 years is considered a "for-profit" rental. However, T
Tax asks me to enter the number of days that the home was rented out at
fair market value (which is 0) and ...read more
taxed24‎Posted 3 weeks ago
| Latest post 3 weeks ago by
Hal_Al
The D-400 Sch S Part B Line 18 for NC has a lower amount $312.Why the
discrepancy between Federal 1099-INT Box 3 and NC state forms. Thanks in
advance.
I am using TurboTax Deluxe desktop for Mac. When submitting my
information for Form 2210 (Underpayment of Estimated Tax), I am entering
the actual withholding I paid through the year. However, for Q2
withholding, the program is asking me to calculate...read more
Got the following info from our accountant for Sales to be reported on
Form 4797a - XXXb - 06/02/2014c - 07/03/2023f - 3800i - 3950The Smart
Check is giving me an error that 179 Expense should not exceed cost of
assetHow can I resolve this error? Jus...read more