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
After completing my 2022 amended return, TurboTax says I owe money. The
TurboTax amended Oregon Form 40, however, shows I should get a refund.
Any idea which one or neither is correct? Thanks!
My financial institution didn't provide 1099-R as my US citizenship info
was not updated. I am US resident for tax purposes although I reside
outside the US.
When you are allow to have community property right of survivorship, in
the cost basis adjustment worksheet, in the column, "received the home
through an inheritance", do I enter the step-up cost here?
Is this publication is wrong why is it on the IRS Website they should
remove it. just saying. What happens if a vehicle goes to personal use
and gets traded later does that matter anywhere. I don't see why it
would but who knows since am told this pu...read more